Business

Business
5:41 pm
Fri October 17, 2014

Union Machinists Approve Contract With Textron Aviation

A sign is taped to a back entrance of Hartman Arena in Wichita, identifying where "ballot counters" are to go. Large bins filled with orange pieces of paper were dumped onto a table on Friday afternoon and the counting began.
Credit Sean Sandefur

 

Union machinists who had previously worked for Beechcraft and Cessna have ratified a contract with their new employer, Textron Aviation.

The contract was approved through a "yay" or "nay" vote held at Hartman Arena on Friday afternoon. The final results were 73 percent to 27 percent.

Frank Molina of Union District Lodge 70 says he’s happy with the contract.

“We’re really anticipating to see growth and looking forward to our future, we think that it’s going to be bright," he said. "This is the first step of that.”

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Business
11:12 am
Tue July 8, 2014

UPDATE: Dillons To Close Two Under-Performing Grocery Stores Later This Month

Credit wikipedia.org

Updated on 07/08/2014 

Two Dillons grocery stores in Wichita that have been open since the 1960's will close this month. KMUW’s Abigail Wilson reports....

A Dillons store near 13th and Woodlawn and another at Harry and Broadway will shut their doors July 19.

Spokeswoman Sheila Lowrie says the location of the two stores makes it impossible to increase their size. She says this limits what the stores can offer customers when compared to other sites-- such as the Dillons at 37th and Woodlawn.

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Business
12:43 pm
Mon July 7, 2014

Supporters Seek To Turn Defunct Greyhound Park Into Casino

Supporters of a bid to bring a casino to southeast Kansas say the long-closed Camptown Greyhound Park could be converted quickly into a gambling facility if state regulators approve.

The park has applied to the Kansas Lottery Commission for the lone remaining casino slot. That slot has gone unfilled since the state legalized casino gambling in 2007.

Business
11:37 am
Wed July 2, 2014

Kansas Has No Plans To End Interstate Business Incentives Policy

Kansas Commerce Secretary Pat George says the state has no plans to follow Missouri’s offer of a truce over the fierce competition for businesses in the Kansas City area, though he says he’s willing to talk.

Missouri Gov. Jay Nixon signed a bill Tuesday that would prohibit Missouri from offering incentives to businesses that relocate from one of four Kansas counties to any of four Missouri counties in the Kansas City area.

Kansas needs to take similar steps for Missouri’s bill to take effect, and that is far from certain.

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Business
5:00 am
Mon June 23, 2014

With Odds Against Them, Local Small Businesses Have Help

Summer Guerrero, along with her husband and business partner, Mark, stand with their son, Kane. Summer and Mark have owned After Hours Auto Repair for seven years.
Credit Sean Sandefur

Starting a small business is hard, and keeping it going is even harder. It’s estimated that only one in three make it to the 10-year mark. But an organization in Wichita is helping both new and existing businesses keep their dreams alive.

On a hot, blacktop parking lot, Summer Guerrero greets one of her regulars. She’s owned After Hours Auto Repair in Southwest Wichita with her husband Mark for seven years.

Inside, the couple pulls together some chairs in the waiting room, right next to the car manuals and vending machines.

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Business
11:18 am
Wed June 11, 2014

Bombardier To Lay Off 200 Workers

Aircraft maker Bombardier says it will lay off about 200 workers in Wichita.

The company says this will affect about 70 contract and temporary workers, 100 permanent employees, and about 40 who will be reassigned.

The Learjet 85 made its first flight in early April.

The company had hoped to put it into service this year.

Business
11:47 am
Tue May 20, 2014

Overland Park-Based Sprint Will Pay The FCC $7.5 Million In Do-Not-Call List Settlement

Credit Wikimedia Commons

The Federal Communications Commission said Monday that Sprint Corp. will pay $7.5 million in the largest Do-Not-Call settlement to date, for failing to honor customer requests to opt out of phone and text marketing communications. 

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Business
12:36 pm
Wed May 14, 2014

Report: Kansas Needs To Make More Spending Cuts To Offset Tax Cuts

Moody’s Investors Service says Kansas will need to make more spending cuts to offset tax cuts that have sharply reduced state revenues.

Moody's downgraded Kansas bonds last month on the same day the state announced April revenue collections fell $93 million below estimates. Moody’s says most of the state’s revenue shortfall was because less money was collected in individual income taxes.

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Business
10:23 am
Thu April 24, 2014

Newton City-County Airport To House New ABI Chemical Facility

A Wichita-based aerospace company has chosen to move north to Newton with its chemical subsidiary.

Aviation Business International will house its ABI Chemicals division in a 20,000-square-foot facility at the Newton City-County Airport.

The ABI Group of Companies supplies products to airlines worldwide, including Delta, Air France and British Airways.

The new plant will produce next-generation coatings used in aerospace manufacturing processes. The coatings are being developed in conjunction with Wichita State University’s National Institute for Aviation Research.

Business
1:15 pm
Wed April 23, 2014

Textron Aviation To Cut 575 Jobs In Kansas

A Beechcraft Bonanza aircraft. Beechcraft was acquired by Textron Aviation in March for $1.4 billion.
Credit D. Miller / Flickr / Creative Commons

A total of 750 employees of the newly created Textron Aviation were told on Wednesday morning that they are to be laid off. The announcement came in the form of letters sent to employees. The bulk of the cuts—575—will be to salaried and hourly employees currently working in Wichita and Independence, Kan. The layoffs will take place over the next 60 days.

This decision was not unexpected – after Textron Inc. acquired Beechcraft for $1.4 billion last month, the company formed Textron Aviation, which includes Cessna. Textron Aviation is now consolidating the two companies.

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