Rockwell Collins Layoffs Job Cut: fires 600 employees

Another news of layoffs, another company joining the bandwagon with the news of firing people. Amid mounting pressure from the declining business prospects, the firm Rockwell Collins, has decided to go for Rockwell Collins Lay offs or Rockwell Collins Job Cuts. Unfortunately the situation is worsening further for all the sectors and Rockwell Collins is melting under the pressures of the market. The economic crisis is hitting all sectors and all the sectors are getting affected.

How many employees may be fired by Rockwell Collins layoffs?
The news is that around 600 employees will be asked to leave their jobs at Rockwell Collins. The layoffs will be primarily in USA.

How many employees does Rockwell Collins have?
The total no. of employees of Rockwell Collins is around 20,000 worldwide.

Any plant or location closed by Rockwell Collins ?
No news about that.

Any previous layoffs by the company?
No news of that as of now.

Which locations will be affected by the Rockwell Collins Layoffs?
200 jobs will be cut in Iowa state though there are no details available about the individual places like Cedar Rapids, Coralville, Manchester, Decorah and Bellevue. Florida will loose 150, while California will see 100 job cuts.

Which segment of employees will be affected by the Rockwell Collins layoffs
500 permanent full time employees jobs will be cut, while rest 100 job cuts will be for temporary contract workers.

How much savings can be made by Rockwell Collins Layoffs?
No information is available about the savings to be made.

When will the Rockwell Collins layoffs happen
The job cuts will be completed by the end of first quarter, i.e. by March 2009.

Any severance package for the affected employees?
No info available.

What are the primary reasons of Rockwell Collins Layoffs
The current economic environment and its potential impact on industry demand around the world remains highly uncertain. The worsening global economy means that there is a decline in sales and businesses and hence loss of revenue for Rockwell Collins.

Any other news about Rockwell Collins?
As per KCRG, The business is headquartered in Cedar Rapids, but actually operates from more than 60 locations in 27 countries. Rockwell Collins reported a sales decline of $54 million in the first quarter of the fiscal year, due in part to a labor strike and production issues at Boeing.
The 5 percent drop left sales at $1.058 billion, compared to $1.112 a year ago, but earnings per share went up to 95 cents, compared to 93 cents last year.
Let's hope that alternative jobs are available to the affected employees of Rockwell Collins Layoffs Job Cut