Cirrus Furloughs Workers Through End Of Year | 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

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne Unlimited--03.30.20

Airborne UnManned--
03.31.20

ANN's Annual April 1st Edition!

Airborne Unlimited--03.26.20

Airborne Unlimited--03.27.20

Airborne-YouTube

Airborne Unlimited--03.30.20

Airborne UnManned--
03.31.20

ANN's Annual April 1st Edition!

Airborne Unlimited--03.26.20

Airborne Unlimited--03.27.20

Wed, Nov 26, 2008

Cirrus Furloughs Workers Through End Of Year

Production 'Significantly Reduced' Ahead Of 2009

The tough times continue for workers at Cirrus Design... but there seems to be a light at the end of the tunnel. The Duluth, MN-based planemaker told employees Tuesday that total aircraft production for the month of December would be significantly reduced. As a result, a number of production-line employees will be subject to short-term furloughs at its Duluth, MN, and Grand Forks, ND facilities.

Cirrus added that all employees will return to work on January 5, 2009. While production capacity is at lower levels for the interim period, all other Cirrus departments -- including Domestic and International Sales, Customer Service, Product Assurance, Engineering and Development and the Vision Jet program continue unaffected.

To minimize the economic impact on its affected employees, Cirrus is taking steps typically unheard of in a furlough situation. Medical and other key benefits will continue to be paid by Cirrus for its affected employees. Additionally, Cirrus is coordinating with state government offices regarding available programs to supplement traditional compensation benefits for its employees.

Cirrus anticipates sales to swing upward during December, and expects to have adequate inventory to fulfill those orders. With the "production pause," Cirrus believes it can resume normal production rates in early January.

"We are working diligently -- and making good progress -- on rationalizing inventory levels, retooling the production line for greater product flexibility, and introducing new products -- such as the new SR20 with Perspective, new options and features to stimulate demand," said Cirrus President and Chief Operating Officer Brent Wouters. "Even so, we must make the sometimes difficult tactical decisions to match our overall production to the realities of the current market place."

Chairman and Chief Executive Officer Alan Klapmeier added, "Cirrus is fortunate to be well-positioned competitively and we see great opportunity as we look further ahead. Our focused commitment to the Vision Jet program, ongoing innovation in our piston products, and our flexible lean-manufacturing capabilities are just a few reasons for our optimistic view."

Klapmeier also noted the company continues to receive "strong financial and operational support" from its primary invester, Bahrain-based Arcapita Bank. "With our strong balance sheet footing and sound financial performance, Arcapita remains very supportive of Cirrus overall and of course to seeing its jet program through to a very successful completion despite the current economic challenges," Klapmeier said.

Tuesday's announcement is the third time in as many months that Cirrus has pared down its workforce. Last month, Cirrus handed out pink slips to 105 workers; in September, Cirrus laid off 100 employees.

FMI: www.cirrusdesign.com

Advertisement

More News

Airborne 04.01.20: April 1st Episode, Bloomberg-NASA, Sanders-BizAv, Space Force

Also: 737 MAX and CDC, ‘Steam Gauge’ Rating, OneAviation Bids For Cirrus, EAA Water Park Billionaire Michael Bloomberg has announced that he will start his own commerci>[...]

Airborne 04.01.20: April 1st Episode, Bloomberg-NASA, Sanders-BizAv, Space Force

Also: 737 MAX and CDC, ‘Steam Gauge’ Rating, OneAviation Bids For Cirrus, EAA Water Park Billionaire Michael Bloomberg has announced that he will start his own commerci>[...]

U.S. DOT Announces Aviation Database NPRM

Would Provide Quicker Access To Pilot-Safety Information The FAA has published in the Federal Register a notice of proposed rulemaking to establish a new database that will provide>[...]

FAA To Award Grants To Commercial And GA Airports

Some $10 Billion In Funding Included In CARES Act The FAA will award approximately $10 billion in funds to commercial and general aviation airports from the Trump Administration&rs>[...]

Senators Demand Airlines Provide Full Cash Refunds For Coronavirus Cancellations

Senators Markey, Blumenthal, Warren Say Travel Vouchers Are Insufficient Senators Edward J. Markey (D-MA), Richard Blumenthal (D-CT), and Elizabeth Warren (D-MA) today led a group >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2020 Web Development & Design by Pauli Systems, LC