President of Collins sent out an email today saying more furloughs expected for next year, though not as much as this year. Employees will get Merit next year. Though I'd expect the furloughs to at least offset the Merit increases. Executives will be getting voluntary separation packages in the coming months.
8 replies (most recent on top)
Collins just announced that the 10% pay cut will drop to 4% in January, and there will be a total of 5 furlough days between Jan 1 and Jun 30. Also announced that merit increases will resume on Apr 1.
So... it's a start.
Why would Collins keep a warehouse and a 40% full building in Chula Vista, the parts are not made there, they need to be shipped there than shipped to the customer, expensive process, expensive property, waste of money. Overpaid office personnel, VP, directors, prime land worth millions. It does not make good business sense in these times.
Must be a disgruntled Raytheon employee about to get laid off.
Whoever asked about Collins and Raytheon both being aerospace, please don’t come in here asking ignorant questions that a simple 5 minute google search can answer for you. You sound like an id–t based on how you phrased that question.
"If Collins is aerospace and Raytheon is aerospace why aren't they affected by layoffs and furloughs?"
Because one is commercial business the other is Defense business. Raytheons side is mostly missile and optics technology. They have contracts to keep their organization and business units afloat, can the commercial side say the same?
If Collins is aerospace and Raytheon is aerospace why aren't they affected by layoffs and furloughs?
If we’re lucky yes
Executives are getting laid off?