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-04.29.24

Airborne-NextGen-04.30.24

 Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

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 (05.02.24): Touchdown Zone Lighting

Touchdown Zone Lighting Two rows of transverse light bars located symmetrically about the runway centerline normally at 100 foot intervals. The basic system extends 3,000 feet alon>[...]

Aero-News: Quote of the Day (05.02.24)

“Discovery and innovation are central to our mission at Virgin Galactic. We’re excited to build on our successful record of facilitating scientific experiments in subor>[...]

Aero-News: Quote of the Day (05.03.24)

"We are reaching out to you today on behalf of the Popular Rotorcraft Association because we need your help. We are dangerously close to losing a critical resource that if lost, wi>[...]

ANN's Daily Aero-Term (05.03.24): UAS Traffic Management (UTM)

UAS Traffic Management (UTM) The unmanned aircraft traffic management ecosystem that will allow multiple low altitude BVLOS operations and which is separate from, but complementary>[...]

ANN's Daily Aero-Linx (05.03.24)

Aero Linx: Society of Aviation and Flight Educators (SAFE) SAFE is a member-oriented organization of aviation educators fostering professionalism and excellence in aviation through>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 05.03.24: Advanced Powerplant Solutions, PRA Runway Woes, Drone Racing

Airborne Affordable Flyers 05.02.24: Bobby Bailey, SPRG Report Cards, Skydive!

Airborne 05.01.24: WACO Kitchen, FAA Reauthorization, World Skydiving Day

See All

Advertisement

Podcasts

Advertisement

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