Cessna Aircraft Co., Nation's Top Corporate Jetmaker, Announces 1,300 More Layoffs

Cessna Aircraft Co., the nation's largest builder of corporate jets, announced Friday it is laying off another 1,300 workers.

The new layoffs raise the number of total layoffs to more than half of its employees since it first announced employee cuts in November, according to Associated Press.

Cessna told workers that the first 800 60-day layoff notices, affecting mostly production workers, will go out by June 19. The company then will mostly shut down for a previously scheduled furlough period from June 22 to July 17. The remaining 500 affected workers will get their notices after they return, but no later than Aug. 14.

The company employed nearly 16,000 people last year, including about 12,000 in Wichita, before the economic downturn slashed global demand for corporate aircraft.

The new job cuts come on top of 6,900 layoffs since November.

In April, Cessna announced it was laying off 2,300 workers across the company and closing its plant in Bend, Oregon as it tries to restructure its product line amid declining plane orders. Production of the Corvalis high-performance, single-engine planes at the Bend plant will move to the facility in Independence, Kansas.

Click here for more Business News

About YourFINDit

YourFINDit Community is a business, music and social networking community. YourFINDit provides members with a wealth of applications that enable them to create an in depth profile within YourFINDit. Profiles include an About Me, Background and Lifestyle, Videos, Photo sharing, News, Music, Blogs, unique URL and networking with other members inside the YourFINDit community. YourFINDit provides ADit to each member providing them the opportunity to have an exclusive profile (no outside advertising) displaying only banner ads they upload to their pages. Members can run their own ads or give or sell their ad space to advertisers at prices the member sets.

To create your profile sign up and within minutes you too can have your People profile running your ads and building your network with new members daily.  

YourFindit is owned and operated by TransWorldNews, Inc., a news and press release distribution service.