Diamond Aircraft Cuts Jobs
Filed under: Wings
More bad news from another maker of small private planes. Canadian company Diamond Aircraft will be laying off more than one quarter of its employees in London, Ontario. The aircraft manufacturer says it is retrenching 180 employees out of a workforce of 684. The cuts reflect a change in production caused by a a decline in orders for Diamond's four-seater DA40, a plane which costs $260,000 to $340,000. The company has a steady stream of orders coming and is still working on getting the D-Jet, a single engine personal light jet, certified and into production.
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