JULY 14, 2020 — 800 EMPLOYEES LAID OFF, MOSTLY IN WICHITA, KANSAS
Textron Aviation laid off around 800 workers this morning (Tuesday, July 14). Most of those workers were employed at facilities in Wichita. The count does not include the 70 employees laid off in June, 2020.
Preparing and responding to the “evolving global economic uncertainty and existing market conditions,” the company has laid off approximatel 800 employees, with the majority being employed in Wichita, Kansas.
According to an SEC filing, the company plans to eliminate 1,950 positions in three business segments: Textron Aviation, Textron Specialized Vehicles, and Tru Simulation + Training.”
In the finest corporate-speak, “Textron Aviation remains focused on continuing to support our customers with best-in-class aircraft and services during this difficult time.
JUNE 26, 2020 — 250 LAYOFFS NATIONWIDE, 70 LAYOFFS IN WICHITA. 2,000 EMPLOYEES TARGETED
Accordin to a company statement…
“As Textron Aviation continues to adjust to the evolving global economic uncertainty and existing market conditions, the company has announced workforce reductions and additional periodic furloughs in some functional areas throughout the remainder of 2020.
“Today, workforce reductions affect approximately 250 salaried exempt and salaried nonexempt employees across the company’s workforce at most of our U.S. facilities. Bargained employees are not impacted by today’s announcement.”
“Textron Aviation remains focused on continuing to support our customers with best-in-class aircraft and services during this difficult time.”
A previous filing with the SEC (Securities and Exchange Commission) indicated that the company planned to cut 2,000 positions as part of a restructuring plan to address economic challenges due to the pandemic.
DECEMBER 5, 2019 TEXTRON AVIATION ANNOUNCES NEW LAYOFFS IN WICHITA, KANSAS
Textron Aviation will lay off 875 professional employees, mostly engineers and support personnel, at its Wichita headquarters effective December 31, 2019. This follows a previous offer of voluntary retirement for selected employees.
It is likely that the decision was conditioned on the completion of development on the new Cessna Citation Longitude business jet, which was FAA certified on September 2019. The company has also suspended development on the Cessna Citation Hemisphere due to engine-related issues.
According to a company spokesperson, “Textron Aviation remains focused on our long-term strategic workforce plan and will continue hiring as needed for skilled advanced aviation manufacturing positions such as composites, tooling, A&P mechanics, avionics technicians, and other direct manufacturing and customer support jobs.”
In an SEC filing, the company also announced that a number of facilities would be closed.
Previous post …
Providence, Rhode Island-based Textron, the manufacturer of such iconic brands such as Bell Helicopters, Cessna Aircraft, Beechcraft Aircraft, and E-Z-GO small vehicles, has announced that it plans to proceed with a restructuring of its Specialized Vehicles operation within its industrial group. The restructuring will result in the closure of one Augusta, Georgia facility and laying off approximately 400 employees. The decision was driven by the under-performing business segment.
According to an Securities and Exchange Commission filing, “Management conducted a strategic review of the Textron Specialized Vehicles businesses, which included an assessment of the acquired dealer network and go-to-market strategy for the Textron Off Road and Arctic Cat brands, as well as cost reduction initiatives throughout the Textron Specialized Vehicles businesses.
The restructuring plan will result in the impairment of intangible assets, primarily related to product rationalization, the elimination of approximately 400 positions, representing approximately 10% of Textron Specialized Vehicles’ workforce, and closure of several factory-direct turf-care branch locations and a manufacturing facility.
The restructuring actions under this plan are expected to result in improved operating results for these businesses.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?