Cessna to Cut Jobs Amid Financial Crisis

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Cessna chairman and CEO Jack Pelton warns employees by e-mail that the planemaker plans to reduce its work force levels amid the global financial crisis.

Pelton's e-mail yesterday said changes to the Wichita-based company's 2009 production schedule will result in a need to reduce its work force level, but gave no specific numbers. The e-mail said employees would learn the timing and scope of the reductions within a few days.

The company said that while it will have a slight increase in total deliveries for 2009 compared with this year, the number will be lower than what originally was planned. A Cessna spokesman said the company had previously targeted 535 Citation aircraft for delivery in 2009, compared with 475 this year. The company is not releasing the latest delivery estimate.

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