Cirrus Aircraft laid off another 10 percent of its production employees Wednesday but CEO Brent Wouters said the reduction was anticipated and is not indicative of deeper trouble for the company. Wouters said the 58 workers who were "adjusted out" were retained in an earlier round of layoffs in anticipation of production increases resulting from some institutional sales of aircraft. The sales didn't materialize so the extra staff weren't needed, he said. "When production increases we'll bring them back," he said. Cirrus now employs about 550 people on the production floor. Wouters said a stabilizing market, along with aggressive cost cutting by the company has put Cirrus in relatively good shape and the focus is preparing for a return to more normal market conditions. Cirrus sent a memo to staff (PDF) outlining the company's position and offering a glimpse at the coming year.
This is a companion discussion topic for the original entry at https://www.avweb.com/news/cirrus-cuts-staff-but-company-strong-says-ceo