Cessna Aircraft will cut an undisclosed number of jobs, after the aviation firm cut 6,900 positions this year. The small aircraft manufacturer currently has 12,000 employees. The firm is responding to order cancellations. It delivered 69 jets in Q1 2009, compared to 95 jets in Q1 2008. The Cessna Aircraft Company is an airplane manufacturing corporation headquartered in [...]
Continue reading...Thursday, March 5, 2009
General Dynamics will cut 1,200 jobs and post a lower profit, sending shares to a six-year low. General Dynamics said demand for its Gulfstream business jets has fallen further than expected. The firm expects to deliver 73 large-cabin aircraft and 24 mid-size planes in 2009, down from its earlier projections of 94 large and 30 mid-size. Cutting [...]
Continue reading...Tuesday, February 17, 2009
Honda Motor, confronting its first quarterly loss in 15 years, will scale back plans to make business jets, and may offer voluntary retirements in the US for the first time. The company will produce 70 to 80 jets a year for delivery from the end of 2010, compared with an earlier plan to make 100 planes [...]
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Thursday, June 4, 2009
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