Cessna employee Dwight Bennett works inside of a jet during a tour of the Cessna business jet assembly line at their manufacturing plant in Wichita, Kansas August 14, 2012. REUTERS/Jeff Tuttle/File Photo Acquire Licensing RightsNov 28 (Reuters) - Business jet maker Textron (TXT.N) said on Tuesday it would cut 725 jobs as part of its restructuring plan in an attempt to reduce operating expenses, sending its shares up more than 2% after the bell. The restructuring, which is likely to be completed in the first half of 2024, is expected to save nearly $75 million annually, Textron said. Textron's plan would result in a pre-tax special charge of $115 million to $135 million in the fourth quarter. The parent of Cessna business jets said charges related to restructuring and impairment would not impact its full-year financial outlook.

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Persons: Dwight Bennett, Jeff Tuttle, Goldman Sachs, Abhinav Parmar, Arun Koyyur Organizations: Cessna, REUTERS, Textron, Bell, Textron Systems, Major U.S, Amazon.com, Wall, Thomson Locations: Wichita , Kansas, Major, Bengaluru