Cessna Aircraft will lay off another 1,300 people. The manufacturer of corporate jets has halved its workforce since the recession began. Eight hundred people will see pink slips by June 19th. It will furlough its remaining employees between June 22nd and July 17th. Then another 500 will get laid off. The firm is responding to order cancellations. It [...]
Continue reading...Friday, February 27, 2009
Eclipse Aviation Corporation, based in Albuquerque, New Mexico, will not contest a motion by senior secure creditors to turn the company’s bankruptcy proceeding into a Chapter 7 liquidation. Eclipse says it expects to suspend all business operations. The company furloughed all 800 of its employees on February 18, but at the time it was seen as [...]
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Friday, June 12, 2009
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