The bad news keeps coming. This time it is that Cessna Aircraft may lay off more than 1,000 workers this year. More job cuts were expected, given the global economic downturn. But the size of these possible cuts – and the layoffs likely at other aircraft companies – will be a hard blow to the local and state economies and for many families already struggling to make ends meet.
Registered?
Commenting on WE Blog now requires you to be a Kansas.com member. Use the links above to register, if you haven't already, or to log in.Contact us
Follow us
Daily Archives
-
Recent Comments
- Regular on ACORN stole election?
- thomaswitt on ACORN stole election?
- Daniel on Open thread 11/21
- Daniel on ACORN stole election?
- Phantom on Open thread 11/21
- Daniel on Open thread 11/21
- thomaswitt on ACORN stole election?
- Regular on Open thread 11/21
- Phantom on ACORN stole election?
- thomaswitt on ACORN stole election?
15 Comments
Like, I said, No City is an Island. Things would undoubtedly be much worse had our obstructionist Repubs. been successful in doing nothing to rescue the financial system.
Buckle up folks. The rough ride has just started.
Dennis
“Phantom
Posted January 7, 2009 at 12:44 pm | Permalink
Like, I said, No City is an Island. Things would undoubtedly be much worse had our obstructionist Repubs. been successful in doing nothing to rescue the financial system.”
ummm…. nothing tangible has been done to rescue any part of the financial system that would affect Cessna
“Cessna Aircraft may lay off more than 1,000 workers this year.”
Well the number of the annual laid off seems to be bigger this time.
This has very little to do with the economy, it is just the annual weeding out the labor pool.
brian, the rescue package isn’t going to help anything, it will make matters worse.
The problem was financing with make-believe money, investing in stocks that had no backing of anything but computer digits and companies deep in debt because they never repaid loans.
It’s an equal opportunity economic soup line, no party affiliation needed.
“Regular
Posted January 7, 2009 at 12:53 pm | Permalink
brian, the rescue package isn’t going to help anything, it will make matters worse.”
I don’t know about making things worse, but I agree that the rescue packages will not help anything.
Market drops, downturns, and recessions are all just part of capitalism; we can’t have highs without some lows.
Financing gets dried up, everything shortly follows. Financing may be very hard to come by, but if it had remained frozen the majority of sales would’ve been cancelled.
Maybe shouldn’t have said everything, but certainly high dollar transactions.
“Phantom
Posted January 7, 2009 at 2:28 pm | Permalink
Financing gets dried up, everything shortly follows. Financing may be very hard to come by, but if it had remained frozen the majority of sales would’ve been cancelled.”
Financing for aircraft sales had better be found before the buyer signs the contract.
BTW, there is nothing indicating that the $350M bailout money that has been spent (I assume this is what you are referring to) has actually impacted the amount of loans banks are willing to give.
I figured it was like signing a contract on a house, subject to buyer obtaining financing. BTW, boeing is going to be carrying some of the financing on their orders/sales. Not all companies are in a position to do that. RTN will be the next to make an annoncement.
Never worked in aircraft sales, so not sure if the buyer is committed for any more than an initial downpayment when placing an aircraft order.
Before the rescue, we were hearing of virtually no lending, even between banks, now we’re just hearing of tight credit, so I’d conclude it’d been much worse had nothing been done.
Still the stupidest among us want to blame “the other party”. Dolts.
Hate to say I told you so. But I will anyway, “I told you so”.
Yellow Liberal says, “buckle up”.
You people should wake up then you’d know this is all being engineered. I told you that about 2.5 years ago.
Go ahead and laugh. But the dollar will continue dying and soon you’ll be able to take your truck bed full of Federal Reserve notes to the grocery store. Until you’ll get free bread in the line.
This ain’t a joke. Soon you’ll be begging for any help to relieve your pain. Then the same people who brought you the pain will have a ready solution. The pain will be its greatest, right about the time that it’s worth just about as much as the Peso.
But, we could fight back. Stop sending in your mortgage payments and do nothing on April 15th.
The bankster “bailout” already bought your homes. On top of the interest on our mortgages (which doubles the price of our homes), they just stole trillions and we’ll pay interest on those dollars too.
It’s like what I heard on the radio yesterday.
Let’s say you’re a car dealership and I want a new car. This new car is $25,000. Now, you give me the car and pay me $25,000. to take it off of your lot. And all the while I’m saying, “you’re very lucky I’m taking this from you and if you don’t like it, I’ve got martial law to back me up. And don’t forget my Darth Vader dressed cops in ski masks that will shoot you if you don’t like it”.
Yeah, I’m the Fed, I’m the banker’s and the car is the bailout. We’re getting the scam of eternity. The scam that will and is destroying our nation.
It needs to stop and what can they do to us if we collectively stop paying the house off again or paying their hush money Income Tax?
Nothing. I want war with these devils.
Cessna layoffs add to the bad news
Well that just means it’s time for the city and county to start spending more money!!!
We can make change!
JR’s Union isn’t worth a siht, is it.
1,000 workers getting pink slips.
Thank you very much, Union!
Good luck to all Cessna employees the worst is yet to come. Hang in there and prepare.