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DALLAS, OCT. 29, 2001 - Vought Aircraft Industries, Inc. announced today that it plans to reduce its work force by approximately 1,200 positions, affecting the entire company at all operating locations.
Initial notices will be issued by the end of November, with the balance of reductions planned for completion by mid-year 2002.
Vought said the work force reduction is necessary to align staffing resources with a decline in its commercial aerostructures business.
Vought Aircraft Industries, Inc. is the world’s largest independent supplier of aerostructures. Headquartered in Dallas, Texas, the company provides wings, fuselage subassemblies, empennages, nacelles, thrust reversers and other components for prime manufacturers of aircraft. Vought has 6,000 employees and annual sales exceeding $1 billion. It has operations in Dallas; Hawthorne, Calif.; Stuart, Fla.; Milledgeville, Ga.; and Perry, Ga. |
