Skip Ribbon Commands
Skip to main content
SharePoint
 

Engine maker Pratt & Whitney is reducing its salaried workforce by approximately 400 positions, effective immediately, announced the company. Half of its cuts will come from Connecticut, according to the company's Aug. 13 release. That's the state where the company has a large presence, including its headquarters in East Hartford. While the company had offered a voluntary separation program, and said it was pleased with the response, "these further reductions are necessary," states the release. The company said it would support affected employees with severance pay, outplacement, and continuation of group insurance, among the services and benefits. "Our long-term outlook is very bright; however, to secure this bright future, we must address some near-term challenges," states the release. "Taking necessary actions to manage our cost structure, while continuing to invest in new programs, positions Pratt & Whitney for the long term and ensures a strong future for the company, our employees, customers, and shareowners." (See Time of Transition.)