Cessna Continues with Layoffs

Cessna Aircraft continues to lower its production through 2009 into 2010.  This results in another round of layoffs scheduled to occur in July.  Their credit market, Textron, says that the much of the companies market continues to soften in the current economic state.  Textron did not release details about the next layoff round but full details are expected to be released at the end of the month.  The company has eliminated twenty-five plus percent of its employees in the last three months.  President and CEO of Cessna Jack Pelton has said that he has never seen an economic situation to this dynamic, but hopes recent news points to improvement.  Cessna remains hopeful, but knows that private aviation may be one of the latter points of the economy to be restored to those who have ceased use of it.

Cessna Aircraft continues to lower its production through 2009 into 2010.  This results in another round of layoffs scheduled to occur in July.  Their credit market, Textron, says that the much of the companies market continues to soften in the current economic state.  Textron did not release details about the next layoff round but full details are expected to be released at the end of the month.  The company has eliminated twenty-five plus percent of its employees in the last three months.  President and CEO of Cessna Jack Pelton has said that he has never seen an economic situation to this dynamic, but hopes recent news points to improvement.  Cessna remains hopeful, but knows that private aviation may be one of the latter points of the economy to be restored to those who have ceased use of it.

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