Few details are available as yet, but both Cessna Aircraft Company and Mooney Aircraft Company have announced a slowdown in production due to a slowing economy.
Cessna CEO Jack Pelton said in a letter reported by the Wichita Business Journal that orders are slowing worldwide for both Citation business jets and piston-engine aircraft, requiring slower production rates and job eliminations. The company will first reduce the work force through relocations and voluntary measures before making involuntary reductions. There will also be aggressive cost cutting, the newspaper reported.
Mooney management, in a letter to state officials, said they were laying off 229 workers with no intention of recalling them. Production on new aircraft is halted temporarily while an excess inventory of aircraft, based mostly at the factory, is sold.
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