Hawker Beechcraft to lay off workers, suspend 401(k) match

08/20/2009 | American City Business Journals

Hawker Beechcraft Corp. announced plans to lay off employees tomorrow and suspend the company's 401(k) match through 2010. Three top-level executives at the company resigned on Tuesday, and the company said the chairman and chief executive officer will take a 10% pay cut. Based in Wichita, Kan., Hawker Beechcraft has laid off 2,800 employees since November.

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