Now, it is the Jet engine maker Pratt & Whitney which has decided to go for layoffs. It is reported that most of these job cuts will be made at Connecticut.
What are the reasons for Pratt & Whitney Layoffs Job Cut
Same old reasons as quoted by many other companies - falling demand, falling sales, global financial crisis and so on.
How many employees will be fired in Pratt & Whitney Layoffs Job Cut
Around 350 employees will loose their jobs in the country.
Any specific details of the location where Pratt & Whitney Layoffs Job Cut will be made?
Out of 350, around 280 job cuts will be made at Connecticut alone. Rest 70 will be spead across the other locations.
Any previous job cuts by Pratt & Whitney ?
Pratt had already cut more than 100 blue-collar workers in Connecticut this year, as well as an undisclosed number of salaried workers nationwide. Whitlow said the latest reductions would help mitigate falling revenue. The latest cuts amount to about 1 percent of Pratt's global workforce of 38,000 and 2 percent of its Connecticut workforce of 12,000.
Many of Pratt's business lines have been affected by the recession, including the highly profitable work of servicing and repairing engines for commercial airlines, company spokeswoman Jennifer Whitlow said. U.S. airlines have been cutting capacity and grounding aircraft all year.
Let's hope that alternative jobs are available to the affected employees of Pratt & Whitney Layoffs Job Cut.
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Wednesday, 3 December 2008
Pratt & Whitney Layoffs Job Cut: layoff 350 employees
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