Hawker Beechcraft To Lay Off 350 Workers

 - April 24, 2012, 6:00 PM

About a week after it revealed that it posted a $632.8 million loss last year, Hawker Beechcraft issued a 60-day warning to workers yesterday, noting that it “will lay off approximately 350 employees in several areas of operations in Wichita.” The company currently employs about 4,700 workers in Wichita.

A letter to employees signed by Hawker Beechcraft CEO Steve Miller and chairman Bill Boisture explained the move, saying, “Market conditions are requiring us to adjust our overall production cadence…we are in the process of synchronizing our production line by making changes to previously planned schedules and resizing our work force.” They added, “This remains a difficult, unprecedented time for our company, our employees and our industry. I ask that we all…remain focused on our jobs as we carry on our effort to become a smaller, more agile company that will remain competitive in the future.”

Last month, Hawker Beechcraft said it was implementing a furlough–on a rolling basis–of its supply chain and final-assembly Premier IA and Hawker 4000 line in Wichita “to synchronize its production line with availability of composite material from a key supplier.” And in an April 13 SEC filing, it noted that the furloughs also extended to the King Air, piston and Hawker 750/900XP lines.

The company would not comment further about employee issues.