April 30, 2009
Cessna has announced that it is suspending development of a midsize corporate jet, the Citation Columbus, closing the factory in Bend, OR where the plane was being created. The company will return $50 million in deposits already received from willing customers. Cessna's Citation jets generally are among the smaller models on offer, but the company was hoping to expand into a more lucrative segment of the market, until flying a corporate jet became politically unfashionable. The company hopes to resume development at some point in the future.*
Additionally, the company is sending layoff notices to 1,600 employees "at every level" including 700 salaried employees.
HIGH PAYING, HIGH SKILLED AMERICAN JOBS.... POOF.... GONE...