More Signs Of Hard Times: Cirrus Lays Off Workers | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 12.05.16

Airborne 12.06.16

Airborne 11.30.16

Airborne 12.01.16

Airborne 12.02.16

Airborne Hi-Def On YouTube

Airborne 12.05.16

Airborne 12.06.16

Airborne 11.30.16

Airborne 12.01.16

Airborne 12.02.16

Thu, Sep 04, 2008

More Signs Of Hard Times: Cirrus Lays Off Workers

Company Trimming Eight Percent Of Workforce

ANN REALTIME REPORTING 09.04.08 1745 EDT: Tough economic times have resulted in more layoffs within the general aviation industry. Cirrus Design announced Thursday it will lay off 102 workers by the end of this week, as it works to scale back overhead in the face of declining sales.

"We’re dealing with some straight-forward realities," said Cirrus President and Chief Operating Officer Brent Wouters to the Duluth News Tribune. "We’re in a difficult economic environment that has impacted the aviation business. We're not selling as many airplanes as we'd hoped to this year."

Wouters told ANN a total of 102 jobs will be eliminated, including 25 resignations. Cirrus hopes to trim its workforce by about eight percent, amounting to 73 jobs at the company's headquarters in Duluth, and another 29 in its Grand Forks, MN composites production facility.

"Cirrus has to be more flexible as a business to demand fluctuations," Wouters told ANN. "We need to tighten up efficiencies."

 
Aero-News Alert: Listen To Cirrus President And COO Brent Wouter's Comments On This Week's Layoffs Here

 

Company co-founder and vice chairman Dale Klapmeier told BusinessNorth.com sales have been "up and down this year," though extremely poor in August. "It’s a rotten deal all around," Klapmeier said, adding the layoffs range "from engineering to manufacturing."

Cirrus hopes sales will rebound by the end of this year, as buyers take advantage of tax incentives included in the federal economic stimulus bill passed in January.

The Cirrus SR series has been the best-selling single-engine piston general aviation aircraft line for the past six years. In 2007, Cirrus delivered 710 SR20 and SR22 aircraft, according to figures released by the General Aviation Manufacturers Association. The company shipped 76 planes through the second quarter of 2008.

Klapmeier stressed Cirrus is "still the strongest of any aviation companies," and is weathering the current economy better than others in the piston aircraft market.

The layoffs were expected to be completed by Thursday afternoon. After the reductions, Cirrus will employ approximately 1,230 people, including 980 in Duluth.

FMI: www.cirrusdesign.com

Advertisement

More News

Airborne 12.05.16: AutoGyro Certified, Police Seize Drone, GoPro Job Cuts

Also: Aldrin Evacuated, Shark US, Lufthansa, NASA, ESA's New Orbiter, FLIR Systems, Esterline The expression, “breaking news,” seems to be highly overused nowadays, but>[...]

ANN's Daily Aero-Linx (12.06.16)

Closing Santa Monica Airport: Something Does Not Add Up The latest update from the the Santa Monica Airport pointing out the reasons that the arguments for closing the airport "don>[...]

ANN's Daily Aero-Term (12.06.16): Clutter

In radar operations, clutter refers to the reception and visual display of radar returns caused by precipitation, chaff, terrain, numerous aircraft targets, or other phenomena.>[...]

Aero-News: Quote of the Day (12.06.16)

"Regardless of our appreciation of the public policy arguments raised by opponents, we have been advised that the law and our bilateral obligations leave us no avenue to reject thi>[...]

ANN FAQ: How To Get YOUR News Out On Aero-News

Good News, Bad News... It's ALL News As the preeminent online aviation news resource out there, the editorial staff at Aero-News sees a large number of news releases. We look at al>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC