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Briefing June 2014 Issue

Briefing: June 2014

Textron Trims Beech, Cessna Staffs

Not unexpectedly, Textron found redundancies in merging the staffs at Beech Aircraft and Cessna, and announced 750 job cuts in April. Textron, the parent company of Cessna, Bell Helicopter and Lycoming, bought Beech out of bankruptcy in March. Beech and Cessna will remain distinct brands, the company said, and the new company will provide service and support for the Hawker jet line. Both Beech and Cessna are based in Wichita, Kans.

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