Pratt & Whitney Canada Latest To Announce Layoffs | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.07.24

 Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

Thu, Feb 12, 2009

Pratt & Whitney Canada Latest To Announce Layoffs

Falling Bizjet Demand Translates To Job Losses For 1,000

Jet engine maker Pratt & Whitney Canada will lay off up to 1,000 workers, about 10 percent of its total workforce, due to the dropoff in orders for business jets, and the resulting fall in demand for its turbofans.

The Associated Press reports the layoffs will start a few months from now. "Many of our clients that manufacture business aircraft have reduced production levels and laid off people," said company spokesman Pierre Boisseau. "It has a direct impact on our operations at Pratt & Whitney Canada."

The enginemaker's announcement comes one day after Louis Chenevert, CEO of P&WC parent company United Technologies, told analysts sales of light turbofans for business aircraft have fallen due to slackening demand. That's a sharp contrast from this time last year, when Pratt & Whitney was on track to record a 5.5 percent increase in yearly operating profits.

Since that time, the economy has grown worse... and the very business aircraft that are P&WC's core market have been scapegoated as examples of corporate greed.

FMI: www.pwc.ca

Advertisement

More News

ANN's Daily Aero-Term (05.10.24): Takeoff Roll

Takeoff Roll The process whereby an aircraft is aligned with the runway centerline and the aircraft is moving with the intent to take off. For helicopters, this pertains to the act>[...]

Aero-News: Quote of the Day (05.10.24)

“We’re proud of the hard work that went into receiving this validation, and it will be a welcome relief to our customers in the European Union. We couldn’t be mor>[...]

Aero-News: Quote of the Day (05.11.24)

"Aircraft Spruce is pleased to announce the acquisition of the parts distribution operations of Wag-Aero. Wag-Aero was founded in the 1960’s by Dick and Bobbie Wagner in the >[...]

ANN's Daily Aero-Term (05.11.24): IDENT Feature

IDENT Feature The special feature in the Air Traffic Control Radar Beacon System (ATCRBS) equipment. It is used to immediately distinguish one displayed beacon target from other be>[...]

ANN's Daily Aero-Linx (05.11.24)

Aero Linx: Pararescue Air Force Pararescuemen, also known as PJs, are the only DoD elite combat forces specifically organized, trained, equipped, and postured to conduct full spect>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne-NextGen 05.14.24: 5293 Drone Record, Airbus Acquires, VA-1X UAS Accident

Airborne 05.13.24: DC-9 Jump Plane, Wag-Aero Sold, VA-1X AAIB Report

Airborne 05.10.24: Icon Auction, Drunk MedEvac Pilot, Bell ALFA

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC