June 15, 2009
By Alton K. Marsh
A new round of layoffs announced June 12 by Cessna Aircraft Company will bring total workforce reductions since November 2008 to 8,265, or 53 percent of the total number of workers, the Wichita Eagle has reported.
Counting Cessna, Hawker Beechcraft, and Bombardier Learjet, total layoffs in Wichita since November have reached 11,875, the newspaper reported.
The layoffs take effect over the next two to three months. Spokesman Bob Stangarone told the newspaper the company is now in the worst part of the downward economic cycle. Financing remains difficult to find, daily use of business jets is down, and customers are waiting to see whether a recovery often reported in news outlets actually occurs.
Research on future products continues. Order cancellations have not stopped. Instead of a forecast for the delivery of 535 jets, Cessna now expects to deliver slightly fewer than 300. It is expected 2010 deliveries will be below this year’s total.
Another update on how the economy is affecting Cessna will come at the end of July when parent company Textron reports second-quarter results.
The next stop is Putrajaya, Malaysia, on May 17 and 18 for the 2014 Red Bill Air Race World Championship, following an “electrifying” contest in Rovinj, Croatia.
AOPA Foundation President Bruce Landsberg talks with AOPA Senior Vice President of Government Affairs and Advocacy Jim Coon on his first 100 days and the top advocacy issues confronting AOPA.
VOLUNTEER AT AN AOPA FLY-IN NEAR YOU!
SHARE YOUR PASSION. VOLUNTEER AT AN AOPA FLY-IN.
VOLUNTEER LOCALLY AT AOPA FLY-IN!
BE A PART OF THE FLY-IN VOLUNTEER CREW!