NetJets to lay off 5 percent of work force
Private air charter service NetJets Inc. says it will lay off 5 percent of its employees in an effort to save expenses.
The company did not specify Friday how many workers would lose jobs. Chairman and Chief Executive David Sokol says other cost-cutting actions also are being taken.
Spokesman Ted Lowen says the company also will hold off on plans for a $200 million expansion that would add 800 jobs at Port Columbus International Airport.
NetJets had announced last month that it would move its corporate headquarters from Woodbridge, N.J., to Columbus, the base of its flight operations.
NetJets allows individuals and firms to share ownership of business jets. It is a unit of Warren Buffett's Berkshire Hathaway Inc.
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- News Source: The Columbus Dispatch | 2 months agoThe world's largest private-jet company will eliminate as many as 350 jobs, with the majority of the cuts targeted for Columbus. • Honda confirmed that it will build the Accord Crosstour, a crossover vehicle, at the East Liberty plant. The...
- News Source: The Columbus Dispatch | 2 months agoPlans for expansion have turned into cutbacks at NetJets Inc., which is laying off 5 percent of its work force and putting on hold plans for a new Port Columbus campus. The world's largest private-jet company will eliminate as many as 350 jobs, with...
- News Source: The Columbus Dispatch | 2 months agoNetJets said today it is laying off 5 percent of its work force as part of a "cost-reduction" effort. In addition, company spokesman Ted Lowen said NetJets' plans for a new $200 million campus next to Port Columbus are now "on hold." Lowen declined...
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Post a Comment Comments: 2
That is unfortunate. In this economy, the demand for jets must be quite low. Hopefully the laid off workers and their families will somehow be able to recover from this and find a way to make ends meet.
Reported by candygirl
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