Textron Aviation furloughs thousands of U.S workers
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FILE PHOTO: A logo of Cessna is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse
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SEATTLE (Reuters) - Textron Aviation, a unit of Textron Inc (NYSE: TXT), announced furloughs for most of its U.S.-based workforce on Wednesday as concerns over depressed demand due to the spreading coronavirus ripples through global aviation.
The $13.6 billion company, which makes Cessna aircraft, Bell helicopters and flight simulators, said a four-week furlough at its Aviation unit would fall into a March 23-May 29 timeframe.
The furlough affects some 7,000 or more workers, a person familiar with the matter said.
(Reporting by Eric M. Johnson in Seattle; Editing by Chris Reese)
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