Posted on 02/07/2009 2:38:18 PM PST by Evil Slayer
Airplane maker Hawker Beechcraft Corp. told employees Tuesday that 2,300 of them will lose their jobs before the end of the year and warned more layoffs may be coming.
In a letter to workers, Chairman and Chief Executive Jim Schuster said most laid off workers will be notified by Friday. Nearly 500 Hawker Beechcraft workers also lost their jobs late last year.
In addition to declining orders and deliveries, the Wichita-based company is facing a host of new challenges, Schuster said.
"The government's stimulus package has failed to sufficiently loosen credit markets, which are absolutely vital to the success of HBC and our industry," he said.
(Excerpt) Read more at forbes.com ...
ML/NJ
Beacuse the aircraft company can’t arrange voter fraud.
They do make the T-1 trainer for the USAF.
I used to work for Schuster. He is a decent guy.
This division is a niche market aimed at folks with bucks.
This will be tough on the folks in Kansas
Yes they do
Not to mention the parts inventory for the T-1.
You are so right. My son works there and more than half of the workers in his area were given their notices yesterday. He is a hard worker and has worked there several years. Hopefully, he won't be next but things don't look good and jobs are hard to find now days.
Thanks for any help any of you can do.
Schuster is a troubleshooter.
He has been trying to keep this division viable for close to 10 years.
He was gambling that the composite hull of this plane would pay off. And It will if they survive this economic downturn.
Its a great plane
We are getting killed in Wichita.
Cessna announced 4600 in layoffs, Bombardier 1300, Hawker 2300, Boeing 700. Spirit Aerosystems and Airbus haven’t announced anything yet.
I am just a worker bee like your son.
Best wishes to you. Sadly Barama is gonna hit folks who buy these products
I am sorry to hear this.
When will Dems learn?
Is Falcon jet up there too?
note to self: FJ is still in little rock
Sour economy? Yes, but there's more. Not only is there no bailout, Obama's class warfare has anyone with a business jet thinking he has a target painted on his back. Obama and the Media say they're all elitist fatcats stepping on the necks of the poor. Jets are being sold or hidden away in hangars with doors tightly shut. New orders are nonexistent, I'm sure.
Evidence? Only anecdotal. A friend works in aviation maintenance, replacing brakes and tires - his business is down over 50%...
You have nailed it.
All I see Obama doing is killing business.
Whatta ya suppose a CEO salary cap will do to NYC?
This is a tragedy. American aviation is one of the few remaining industries in which America excels. I don’t have any statistics but would imagine that the marine pleasure craft industry will be similiarly effected. Very sad.
The rich buy things the working people build!
The old Twin Beech AT-11 is a great skydiving platform and a gorgeous aircraft.
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