Hawker Beechcraft Warns Of Layoffs

Wichita-based airplane maker Hawker Beechcraft Corp. has warned employees that it plans to issue layoff notices later this month.

Nov 7th, 2011

WICHITA, Kan. (AP) -- Wichita-based airplane maker Hawker Beechcraft Corp. has warned employees that it plans to issue layoff notices later this month.

A letter from CEO Bill Boisture distributed Friday to employees did not disclose the number of layoffs, but said affected employees will be given a 60-day notice on Nov. 11.

Spokeswoman Sarah Estes said in an email that the company is still assessing its needs but that the layoffs will affect all levels.

Boisture's letter cites Europe's debt crisis, slowing growth in China and continued unrest in the Middle East as well as a recessionary climate in the United States.

The company says it plans to adjust itself to a market projected to remain small for the next two years.

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