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.