Saturday, May 11, 2013

Pratt & Whitney offering buyouts before potential new round of layoffs


There is a possibility of additional layoffs at Pratt & Whitney.

A spokesperson at Pratt & Whitney told Eyewitness News an email went out to salaried employees about a buyout offer.

The letter said there will be a new round of buyouts, which would precede another round of layoffs.

"During the past few years, we have implemented several initiatives targeted at reducing our operating costs while ensuring a strong future for the company, our employees, customers and shareowners," the company said in a statement.

The company said several hundred people may take buyouts, which include a severance package for those employees eligible.

"The program contributes to the company's overall cost reduction initiatives," the company said in a statement. "Efforts like this, allow P&W to remain competitive and position our company for long-term growth."

It's unclear where the cuts would be made.


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