Tue, Mar 18, 2003

Aero-News: Quote of the Day (03.18.03)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Reader suggestions and comments are welcome... and if particularly thought provoking or poignant, may themselves become future Quotes of the Day. Let us hear from you, folks!

Aero-News Quote of the Day

"This review comes as the company adjusts production rates to the market decline resulting from the continuing downturn in the worldwide economy. Possible military action in the Middle East and unrest in the Asia Pacific area have exacerbated this downturn."

Source: Gulfstream Aerospace, having a serious look at its workforce and labor demands, concludes that perhaps as many as 1000 employees, plus many independent contractors, could be off the payroll within the next 12 months.

FMI: www.gulfstream.com

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Aero-News: Quote of the Day (03.18.03)