Hawker Beechcraft To Cut 350 Positions

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Friday, September 24, 2010

Hawker Beechcraft announces up to 350 layoffs. The blow coming only days after Cessna announces layoffs of 700.

It has been a couple of years since we've had such sizable layoff notices coming from different plane makers in the same week. On Friday, Hawker Chairman and CEO Bill Boisture released a letter saying the company must act to further reduce company operating costs through a period of economic stagnation and reduced market demand.

So, Boisture says, the company will reduce its salaried work force by approximately 350. Boisture's letter says the company hopes to decide by November 1st who gets cut.

Boisture writes, "The market is flat to slightly down and the conditions that would signal an upturn are not in sight for at least the next 12 months or longer." He says, "Hawker Beechcraft has proven itself capable of doing more with less, which will be a continuing requirement as the company goes into 2011.

Keep in mind the company is continuing to negotiate with the Machinist's union. Hawker seeks labor concessions while the union is looking for job security. The union saying Hawker is seriously considering moving significant amounts of work out of Kansas.

But on Friday, Hawker says they will cut 350 salaried positions with more details in the coming days.

Friday, September 24, 2010

Wichita's Hawker Beechcraft will cut 350 salaried positions. The announcement came in a letter from Hawker CEO and Chairman Bill Boisture to employees today.

In the letter Boisture said the company would cut 350 salaried positions and hoped to have the cuts completed by November 1st. Boisture added that while he did not see a large-scale layoff of hourly employees at this time, small reductions or short furloughs may be required. "The market for new production aircraft is not improving as we had hoped. In fact, the market is flat to slightly down and the conditions that would signal an upturn are not in sight for at least the next 12 months or longer", Boisture wrote.

Hawker Beechcraft is in negotiations with the Machinists Union on a new contract. A final contract offer is expected from the company early next month.

The news comes days after Cessna announced it would cut 700 positions from its workforce.

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