Pratt & Whitney laying off 350 workers in the United States
Dec. 3, 2008, East Hartford, CT - A Pratt & Whitney spokeswoman says the jet engine manufacturer is laying off about 350 salaried employees across the country.
December 3, 2008 By The Canadian Press
Dec. 3, 2008, East Hartford, CT – A Pratt & Whitney spokeswoman says the jet engine manufacturer is laying off about 350 salaried employees across the country.
Spokeswoman Jennifer Whitlow says the layoffs took effect Wednesday. They represent less than one per cent of the company's work force of more than 38,000 employees.
Whitlow says the job cuts are being done immediately because of current economic conditions in the aerospace industry. She says Pratt is taking the action to keep its cost structure competitive.
Whitlow says of the 350 jobs cuts, 280 are in Connecticut operations. It was not immediately known if any layoffs would fall at Pratt & Whitney's operations in Canada, where it has major
production facilities in the Montreal area and Halifax.
The employees who are being laid off will receive both pay and benefits during the severance period as well as getting help finding new jobs.
Pratt & Whitney is a subsidiary of Hartford-based United Technologies Corp. UTC's stock was trading at $46.19, up 13 cents, Wednesday morning in New York.