2/5/2009

Wichita, Kan.-based Hawker Beechcraft has confirmed reports of pending layoffs, telling employees this week of plans to cut 2,300 jobs by the end of the year, with most laid-off workers to be notified by Friday. The aircraft maker said that in addition to declining orders and deliveries, it is struggling with the tight credit situation. The announcement is the latest blow to Wichita's aircraft industry, with Cessna Aircraft planning to lay off about 2,000 workers, on top of 2,600 layoffs previously announced, and Boeing's Integrated Defense Systems plan to lay off 800 workers at its Wichita plant.

Full Story:
Forbes

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