McDONNELL DOUGLAS TO LAY OFF 111 EMPLOYEES AT ITS McDONNELL AIRCRAFT CO. PLANT
McDONNELL DOUGLAS TO LAY OFF 111 EMPLOYEES
AT ITS McDONNELL AIRCRAFT CO. PLANT
ST. LOUIS, Sept. 2 /PRNewswire/ -- McDonnell Douglas Corp. (NYSE: MD) said today it is notifying 111 employees at its McDonnell Aircraft Co. plant here that they will be laid off as a result of the general downturn in the aerospace industry, in both defense and commercial programs.
A spokesman said the continuing shutdown of the F-15 line, a temporary production slowdown on the F/A-18 C/D program prior to the planned ramp-up of the F/A-18 E/F program, as well as reduced production rates on the MD-80 and MD-11 commercial jets, all contributed to the layoffs.
All 111 people affected are members of the International Association of Machinists and Aerospace Workers, District Lodge 837. People who are going to be laid off will be informed today. Their last day at work will be Sept. 4, according to the terms of the union's collective bargaining agreement with the company.
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/CONTACT: James R. Reed of McDonnell Aircraft Co., 314-234-7019/
(MD) CO: McDonnell Douglas Corp.; McDonnell Aircraft Co. ST: Missouri IN: ARO SU: PS -- LA013 -- 6007 09/02/92 15:00 EDT