Hawker Beechcraft says cuts needed to keep firm strong
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August 13, 2009
Hawker Beechcraft warned employees in a letter yesterday that more layoffs are coming, thanks to continued "significant economic challenges" in its worldwide general and business aviation marketplace.
"Buyer confidence is low, financing more difficult, and in the U.S., which is our predominant market, business aircraft have been disparaged by our political leadership," wrote Chairman and CEO Bill Boisture. "These combined factors have significantly reduced demand for our products and recovery is difficult to forecast with certainty."
The company originally announced plans back in November to lay off 5 percent of its 9,700-strong work force as it cut production rates as demand for business and general aviation aircraft dropped. The cuts came in February, with Hawker Beechcraft announcing that 2,300 jobs would be lost. Hawker Beechcraft is being forced to make difficult business decisions to preserve the company, wrote Boisture, noting information on the cuts will come next week.
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