Based on the Hartford newspaper article and a Pw headcount of 40,000 employees roughly that makes the reduction almost 38 percent. Raytheon is not in this headcount. They are high tech military and were in fact looking for folks to hire. This is just Pratt world wide numbers. It will be a new Pratt going forward never let a crises go to waste. If the magic vaccine is not all that magical and business is done via internet meeting going forward then airline revenues can be reduced for YEARS. Pw needs to account for this possibility and stream line processes and procedures to keep full dividends in place for the shareholders, the owners of the company.
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The VSP with a July 31 release was offered to 2500 employees, Roughly 230 accepted of that pool about 115 were from engineering.
Who knows, in my area alone, we lost over 12% to that VSP. Also tons of contractors have been laid off and many people went over to military and RTN. Those are included in the headcount reduction per the VP's and Chris Calio
If I'm not mistaken, didn't only a few hundred people take the VSP? Correct me if I'm wrong.
I ask this because people keep bringing it up as if it was a huge number.
mo–n, that’s not entirely PW, the business wouldn’t be able to survive.
It’s Collins, PW and RTX CORPORATE because of the merger.
Learn to read and put stuff together. I know what’s happening at Pratt, it’s over 15% and that’s it, and that includes the VSP. Cutting 15000 at PW alone would decimate the CE business and we wouldn’t survive. Plus we’re in better shape than competitors so why would we lay that many off? The numbers and info I have is from multiple VP’s
They're doing a piss poor job of supporting employees who want to transition over to roles at legacy Raytheon.
I've interviewed for 3 positions so far, and applied for lord knows how many, and I still get rejected.