Textron eliminating 750 Cessna, Beechcraft jobs

AP News
|
Posted: Apr 23, 2014 11:21 AM

NEW YORK (AP) — Just over a month after buying Beechcraft for $1.4 billion, Textron announced 750 job cuts at that company and at its Cessna division.

The layoffs will occur over the next 60 days. Both aircraft makers are based in Wichita, Kan.

Management and non-management jobs will be eliminated, the company said.

Textron Inc., based in Providence, R.I., expects about $4.6 billion in annual revenue from the combination of Cessna and Beechcraft.