TITLE

Market forces pummel Pratt; Personnel cuts expected

AUTHOR(S)
Kandebo, Stanley W.
PUB. DATE
October 1992
SOURCE
Aviation Week & Space Technology;10/26/1992, Vol. 137 Issue 17, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Outlines a new plan from Pratt & Whitney which would cut 4,800 employees by mid-1993, 2,400 cuts in the first quarter, with 1,500 more by the end of June. President James O'Connor sent a letter out on Oct. 16 to all personnel detailing the effects of airline bankruptcies, overcapacity and fare wars that are causing carriers to reschedule large aircraft and engine orders. The spares portion of the business may soon improve.
ACCESSION #
9212070031

 

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