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Textron eliminating 750 Cessna, Beechcraft jobs
Textron to cut 750 jobs in Cessna and Beechcraft as it combines its recent acquisition
Associated Press
2014-04-23 11:42 PM

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, Kansas.

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

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

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