There were some cuts yesterday, are they all done? Will there be more this week?
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During a recent Collins executive call, a high ranking VP mentioned that they were tasked with looking closely at overhead/indirect labor for the rest of Q1. Sounds like another round of cuts will be coming in late Q1, early Q2.
20% footprint is most likely because a ton of people are working from and will remain so even after the pandemic is done..... and yes probably layoffs too
Where was info regarding a 20% footprint reduction for missile systems? I don’t remember reading that anywhere or hearing about it until now?
Sounds like Iowa and ND got axed but Burnsville MN survived
Col layoffs in Iowa https://kwwl.com/2021/01/26/collins-aerospace-announces-more-layoffs-due-to-covid-19/
20% footprint reduction for MS should tell you all you need to know. Layoffs will steam ahead even for missile systems.
Going after RTN employees? Why would Hayes want to "bite the hand that feeds him"?!!
All this is legacy UTC. When will legacy Raytheon take some hits?
Well, if I read tea leaves correctly, since they've hired a new chief transformation officer (read "hatchetman"), I would say that layoffs more likely than not will continue. Companies usually hire hatchet men to look for ways to "streamline", cut costs and increase revenue.
All this just started up and you’re asking if it’s done. Why do people come in here and ask stupid questions. When you stop hearing about people getting canned, that’s probably a good indicator it’s done.
yes, 14 more people will get laid off
Any info would be appreciated.