More Layoffs At Cessna

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Cessna is warning its workers to brace for another round of layoffs as the deepening financial crises puts the brakes on aircraft orders. The Wichita Business Journal says Cessna spokesman Doug Oliver confirmed earlier reports that Cessna CEO Jack Pelton had sent an e-mail to employees saying the company's production schedule was being changed in response to economic conditions. He did not detail how each of the various production lines would be affected, nor did he say how many people will be laid off.

Oliver told the Business Journal that hard numbers would take a couple of weeks to determine. In November, 500 employees were told they would be laid off and those layoffs are just taking effect. Another 50 workers took a buyout. A month ago, Cessna halted a $13 million expansion of its Pawnee production plant. The company said at the time it is continuing construction of production facilities for its large-cabin Columbus business jet.