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Joe Budge (W29)
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Reged: 04/30/04
Posts: 7423
Mooney Halts Production
      #221377 - 11/06/08 08:16 AM


The San Antonio Business Journal reports Mooney laid off 229 employees in Kerrville. Company spokesman Dave Franson said the cutbacks are needed to "balance its finished airplane inventory with current demand.
"These are temporary adjustments and they only affect our manufacturing operations," Franson added. "So our (other operations) will continue to operate normally and be staffed at the normal level. There will not be any change to existing or potential customers and we will deliver airplanes as scheduled."
Mooney's normal production has been running at about a hundred planes a year. The production cut comes in a week which has already seen Grob Aerospace enter full insolvency, and Cessna and Hawker Beechcraft announce production and workforce cuts.
Franson said the latest layoffs were effective immediately, and will leave about 91 employees at Mooney. The company hopes to start building airplanes again when the economy rebounds and demand increases, he added.

More: http://www.aero-news.net/



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