Business Services Industry
Dallas-Based Vought Aircraft Industries to Cut 1,200 Jobs amid Declining Sales.
Knight Ridder/Tribune Business News, October, 2001
By Katie Fairbank, The Dallas Morning News Knight Ridder/Tribune Business News
Oct. 30--Vought Aircraft Industries said Monday that it will cut 1,200 people, or 20 percent of its workforce, as the company struggles with falling sales in commercial aircraft.
The Dallas-based company declined to say which jobs would be eliminated.
Vought has a total of 3,700 workers at its Jefferson Street plant in West Dallas and the Marshall Street plant in Grand Prairie. The company has an additional 2,300 employees at plants in Hawthorne, Calif.; Stuart, Fla.; Milledgeville, Ga.; and Perry, Ga.
"We don't know what this means for our Dallas employees," said company spokeswoman Lynne Warne. She said that initial furlough notices would be issued by...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
