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Pratt & Whitney slashes 300 jobs

Jet engine maker says jobs lost to weak economic and business conditions.


May 25, 2012
by The Canadian Press

EAST HARTFORD, Conn.: Jet engine maker Pratt & Whitney is cutting 300 salaried jobs in the US, including 200 in Connecticut.

The Connecticut-based subsidiary of United Technologies Corp. said the cuts come as it tries to keep staffing in line with business and economic conditions.

A company spokesman did not specify which jobs are being cut but the changes have no impact on Pratt & Whitney Canada.

Pratt & Whitney president David Hess said the unit’s sales are expected to double to US$24 billion by the end of the decade. But he said the company must get through a few years as the military shifts to new fighter jets that require different engines.

High fuel costs and the weak economic recovery also are pressuring airline customers.