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Cessna to Cut Jobs Amid Financial Crisis

By: AP
By: AP

WICHITA, Kan. (AP) _ Cessna Aircraft Co. says it will cut its workforce levels amid the global financial crisis.

Cessna spokesman Robert Stangarone says the company does not yet know the timing and scope of the job reductions.

Employees were notified Tuesday of the pending cutbacks in an e-mail. The news comes just a day after workers at Hawker Beechcraft received letters telling them the company planned to cut nearly 500 jobs there.

Stangarone says Cessna is adjusting production schedules due to fewer deliveries than expected next year. The company had previously targeted 535 Citation aircraft for delivery in 2009, compared to 475 this year.

The company is not releasing the latest estimate.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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