Textron is laying off 875 people including some in its aviation division and closing some facilities just before Christmas as part of a restructuring plan outlined in a Securities and Exchange Commission filing on Thursday. The company announced on Thursday that it would lay off an unspecified number of salaried employees but refused to offer details. The Wichita Eagle uncovered the SEC filing that shows the length and breadth of the restructuring but doesn’t name the facilities that will be shuttered. The filing says the plan will “improve overall operating efficiency through headcount reductions, facility consolidations and other actions.”
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/textron-laying-off-hundreds