World News

Textron Aviation furloughs thousands of U.S workers

SEATTLE (Reuters) – Textron Aviation, a unit of Textron Inc <TXT.N>, 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)