Cessna decides to cut 300 more positions after all (Wichita)

[hatrack]

Posted on Wed., Aug 13, 2003
By Alan Bjerga
The Wichita Eagle

"The other shoe dropped for 300 Cessna employees Tuesday as the company said it will complete the 1,200 layoffs it announced in March.

The first 900 workers were laid off in May. Thought the latest round has been a possibility for months, the announcement was still somewhat of a surprise.

EDIT

But as Cessna continued to review its work force in light of economic trends, the company concluded that it would have to lay off another 300 employees, company spokeswoman Jessica Myers said.

EDIT

Analysts are predicting an uptick in business jet deliveries in 2005, but this year has seen a 30 percent drop in business jet orders, and continued turbulence is expected through 2004."

EDIT

http://www.kansas.com/mld/kansas/6519910.htm

[damnraddem]

1. And who thinks the jobs will come back when the economy improves?

With outsourcing, those jobs come back somewhere else, not in the U.S.

[jafap]

2. it depends on the production

I worked on a $1 million dollar Bosch machine. As long as entire plants are not closed down, then the equipment and lines are still there. Some things like Bosch machines and computer operated punch presses are not that easy to move. So if things pick up, they may do some rehiring.
However, they can lay off people with three or four years of seniority and then re-hire people at the starting wage and benefits and also who are zero percent vested in their retirement package. I have worked some jobs where you have no vacation or sick leave for the first year, after which they give you one week of each.

[hatrack]

4. Check out the Business section this link connects to

There's a substantial series on all of the outsourcing Boeing is doing. Not just assembly or sub-assembly work in Reynosa or Shanghai. A lot of it now is engineering work, which they're farming out in large quantities to Russia, China and India.

[Capt_Nemo]

3. So what the hell does Textron do with its Pentagon contracts?

Does this mean that the pouring of taxpayers' money into the military
industrial complex is now diverted directly into the CEO's pockets?

[Code_Name_D]

5. Congress will back off the "made in America" bill.

They were already looking into this. As many corps were outsorcing without the pentigon's aprovel or knowlage. Setting up for some strange bedfellows. Today, don't be suprised to see US plants working in contries that are sapose to be our enimeies. Iran has a few, and so dose North Korya.

Natraly, congress is afraied of the embarisment this will cause. So they tried to push through a "made in America" bill that would manadate that all pentigon contracts will be 60% made in the US. Then it was cut down to 40%, then 20%. And last I heard, looked unlikly to get out of commitee. (Lobbiests are dog pilling.)

Cessnea was reportadly one of the influences against the bill.