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Tue, Oct 26, 2010

Aero-News: Quote Of The Day (10.26.10)

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.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"(R)eductions in benefits affecting the salaried, non-union employees of Hawker Beechcraft have saved the company approximately $4.5 million in health care insurance costs and $5.7 million in matching 401(k) contributions. Our salaried, non-union employees have also foregone annual merit salary increases that have saved the company an additional $15 million."

Source: Hawker Beechcraft CEO Bill Boisture, in a letter to employees explaining the latest round of layoffs from the company.

FMI: www.hawkerbeechcraft.com

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