November 4, 2008
By Alton K. Marsh
Not long after CEO Jim Schuster warned of difficult times ahead, he has sent a letter to employees warning that 5 percent of the company’s 9,800 employees worldwide will be laid off, according to reports by the Associated Press and The Wichita Eagle.
The cuts affect both hourly and salaried workers, and will be made soon. The company has just settled a strike that resulted in fewer deliveries than expected and a third-quarter reduction in revenue of $87.7 million, compared to the same quarter of 2007.
The Wichita Eagle reported that Hawker Beechcraft is scaling back its forecasts and market expectations to reflect the “…uncertainty emerging worldwide.” The company will also build cash reserves, reduce inventory, defer capital spending, and eliminate employees found to be “underachievers.”
AOPA Pilot Senior Editor Alton Marsh has been a pilot since 1970 and has an airline transport pilot certificate and instrument and multiengine flight instructor certificates, aerobatic training, and a commercial seaplane certificate.
From the NBAA convention in Orlando, a look at some new aircraft that are actually flying. NTSB chairman worries about automation causing a lack of professionalism and diminishing safety. Controlling the aircraft with the sound of your voice.
Nextant Aerospace, adding a remanufactured King Air to its remanufactured Hawker 400 offering, says the King Air (Nextant G90XT) will fly early next year.
Greg Pecoraro, AOPA vice president of airports and state advocacy, brought Indiana aviation community members up to date on the association’s initiatives.
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