The slowing economy is affecting the aircraft industry

It's been reported Hawker Beechcraft is cutting its workforce by five percent.

In a letter sent to employees, Hawker Beechcraft chairman and Chief Executive Jim Schuster said, “While these reductions are painful, they are absolutely necessary.”

There is no word yet if the five percent, which comes out to 490 jobs, will be cut from the Wichita facility or elsewhere throughout the company.

Wichita Employment resources