Morgan Stanley Coronavirus Greg Hayes state Massachusets state Connecticut state North Carolina Charlotte, state North Carolina county Pratt Hartford city East Hartford, state Connecticut pandemic Morgan Stanley Coronavirus Greg Hayes state Massachusets state Connecticut state North Carolina Charlotte, state North Carolina county Pratt Hartford city East Hartford, state Connecticut

Raytheon doubles job cuts to 15,000, citing airline downturn

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WALTHAM, Mass. – Raytheon Technologies Corp. plans to eliminate more than 15,000 jobs this year at its corporate offices, jet engine-maker Pratt & Whitney and aviation and military equipment manufacturer Collins Aerospace amid the downturn in the airline industry, Chief Executive Officer Greg Hayes said Wednesday.The job cuts at the Waltham, Massachusetts-based company are nearly double the total it initially announced in July.Hayes, speaking during a Morgan Stanley analysts conference via webcast, said the cuts amount to administrative cost reductions of about 20% at Pratt & Whitney, based in East Hartford, Connecticut, and about 12% at Collins Aerospace, based in Charlotte, North Carolina.Pratt & Whitney has seen shop visits decline 60%.

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