Cessna Job Cuts Questioned
By Joseph C. Anselmo janselmo@aviationweek.com
WASHINGTON
A veteran Wall Street aerospace analyst and a DC-based analyst are asking whether Cessna’s latest round of layoffs will leave the company unprepared for a recovery in the beleaguered business jet market.
Cessna announced last week that it will lower its production rate and cut another 700 jobs because of a prolonged slump in new orders. The cuts will push the company’s ...