Cessna decides to cut 300 more positions after all (Wichita) [View All]

Posted on Wed., Aug 13, 2003
By Alan Bjerga
The Wichita Eagle

"The other shoe dropped for 300 Cessna employees Tuesday as the company said it will complete the 1,200 layoffs it announced in March.

The first 900 workers were laid off in May. Thought the latest round has been a possibility for months, the announcement was still somewhat of a surprise.

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But as Cessna continued to review its work force in light of economic trends, the company concluded that it would have to lay off another 300 employees, company spokeswoman Jessica Myers said.

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Analysts are predicting an uptick in business jet deliveries in 2005, but this year has seen a 30 percent drop in business jet orders, and continued turbulence is expected through 2004."

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http://www.kansas.com/mld/kansas/6519910.htm