Charter & Fractional
NetJets trims workforce by 5 percent
Fractional provider NetJets on September 11 announced the first major workforce reduction since David Sokol took over in early August as chairman and actin

Fractional provider NetJets on September 11 announced the first major workforce reduction since David Sokol took over in early August as chairman and acting CEO, following the
resignation of company founder Richard Santulli on August 4.

Last month’s layoffs were precipitated by “severe economic conditions facing the aviation industry” and affected some 350 non-union employees–about 5 percent of NetJet’s total workforce. No unionized employees were affected, including pilots, maintenance technicians and flight attendants. The reductions were spread across various departments in NetJets’ U.S. operations, the company said.