{"id":222862,"date":"2020-09-17T01:15:43","date_gmt":"2020-09-16T22:15:43","guid":{"rendered":"http:\/\/ww-vb.mine.nu\/w108\/raytheon-doubles-job-cuts-to-15000-citing-airline-downturn\/"},"modified":"2020-09-17T01:15:51","modified_gmt":"2020-09-16T22:15:51","slug":"raytheon-doubles-job-cuts-to-15000-citing-airline-downturn","status":"publish","type":"post","link":"https:\/\/hameed.nwar.uk\/sa\/raytheon-doubles-job-cuts-to-15000-citing-airline-downturn\/","title":{"rendered":"Raytheon doubles job cuts to 15,000, citing airline downturn"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"\">\n<p><h2 class=\"Article__Headline__Desc\">Raytheon Applied sciences plans to eradicate greater than 15,000 jobs this yr at its company places of work, jet engine-maker Pratt &amp; Whitney and aviation and navy gear producer Collins Aerospace<\/h2>\n<\/p>\n<div class=\"Article__Header__Meta\">\n<section class=\"Byline flex items-center\">\n<div class=\"Byline__Content\">\n<div class=\"Byline__TimestampWrapper\">\n<p>September 16, 2020, 9:46 PM<\/p>\n<p><span class=\"Byline__Bullet\" aria-hidden=\"true\">\u2022 <\/span>1 min learn<\/p>\n<\/div>\n<\/div>\n<\/section>\n<section class=\"Share flex flex-no-wrap Article__Header__Share\"><button aria-label=\"Share to Facebook\" class=\"Button Button--default Button--icon-noLabel Share__Item Share__Item--facebook\"><svg class=\"Share__Icon icon__svg\" viewbox=\"0 0 24 24\"><use xlink:href=\"https:\/\/abcnews.go.com\/#icon__social__facebook\"\/><\/svg><span class=\"Share__Text\">Share to Fb<\/span><\/button><button aria-label=\"Share to Twitter\" class=\"Button Button--default Button--icon-noLabel Share__Item Share__Item--twitter\"><svg class=\"Share__Icon icon__svg\" viewbox=\"0 0 24 24\"><use xlink:href=\"https:\/\/abcnews.go.com\/#icon__social__twitter\"\/><\/svg><span class=\"Share__Text\">Share to Twitter<\/span><\/button><button aria-label=\"Email this article\" class=\"Button Button--default Button--icon-noLabel Share__Item Share__Item--email\"><svg class=\"Share__Icon icon__svg\" viewbox=\"0 0 24 24\"><use xlink:href=\"https:\/\/abcnews.go.com\/#icon__email\"\/><\/svg><span class=\"Share__Text\">E mail this text<\/span><\/button><\/section>\n<\/div>\n<\/div>\n<div id=\"\">\n<p>WALTHAM, Mass. &#8212; Raytheon Applied sciences Corp. plans to eradicate greater than 15,000 jobs this yr at its company places of work, jet engine-maker Pratt &amp; Whitney and aviation and navy gear producer Collins Aerospace amid the downturn within the airline business, Chief Government Officer Greg Hayes mentioned Wednesday.<\/p>\n<p>The job cuts on the Waltham, Massachusetts-based firm are practically double the entire it initially introduced in July.<\/p>\n<p>Hayes, talking throughout a Morgan Stanley analysts convention through webcast, mentioned the cuts quantity to administrative value reductions of about 20% at Pratt &amp; Whitney, based mostly in East Hartford, Connecticut, and about 12% at Collins Aerospace, based mostly in Charlotte, North Carolina.<\/p>\n<p>Pratt &amp; Whitney has seen store visits decline 60% because the second quarter, and Collins Aerospace noticed a 65% drop in business spare elements orders, Hayes mentioned, noting international business air site visitors is down about 45% amid the coronavirus pandemic, down from an 80% drop in March.<\/p>\n<p>Raytheon is in search of $2 billion in value reductions and $four billion in money conservation this yr, he mentioned.<\/p>\n<p>The corporate&#8217;s defense-related enterprise, nonetheless, stays robust, Hayes mentioned.<\/p>\n<p>Raytheon shares closed at $62.92 Wednesday, up $1.48.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/abcnews.go.com\/Business\/wireStory\/raytheon-doubles-job-cuts-15000-citing-airline-downturn-73058460\">Supply hyperlink <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Raytheon Applied sciences plans to eradicate greater than 15,000 jobs this yr at its company places of work, jet engine-maker Pratt &amp; Whitney and aviation and navy gear producer Collins Aerospace September 16, 2020, 9:46 PM \u2022 1 min learn Share to FbShare to TwitterE mail this text WALTHAM, Mass. &#8212; Raytheon Applied sciences &hellip;<\/p>\n","protected":false},"author":1,"featured_media":222865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[133420,133881,103882,24065,126565,92231,92218,19172,92474,92230,110566,133880,4205,93356],"class_list":["post-222862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tie-world","tag-2019-2020-coronavirus-pandemic","tag-aerospace-a","tag-airlines","tag-business","tag-coronavirus","tag-diseases-and-conditions","tag-general-news","tag-health","tag-industrial-products-and-services","tag-infectious-diseases","tag-lung-disease","tag-military-technology","tag-technology","tag-transportation-and-shipping"],"_links":{"self":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/posts\/222862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/comments?post=222862"}],"version-history":[{"count":0,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/posts\/222862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/media\/222865"}],"wp:attachment":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/media?parent=222862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/categories?post=222862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/tags?post=222862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}