Cessna confirmed this week reports that surfaced earlier this month -- the planemaker must shed an additional 2,000 jobs over previous estimates, bringing announced job losses to date to around 4,600.
In an email to employees, Cessna Chairman and CEO Jack Pelton termed the cuts "profound," but necessary, due to slumping sales and global economic conditions "unprecedented in recent memory."
"It's extremely difficult to forecast this year's delivery number because, ultimately, it will depend on how the economy and other factors affect customer orders and cancellations," Pelton wrote in the memo, reported by Forbes. "As a result it will be necessary for us to further reduce our production rates based on our current outlook for a weakening order book. That, unfortunately, means we will also have to further reduce our work force."
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