Thread regarding Pratt and Whitney layoffs

Pratt's future in CT?

Hayes response when asked if the announced North Carolina facility is in-sourcing work or cost reduction measure

"No, there is a whole series of things that Pratt is doing associated with this new facility we're building down in North Carolina. Some of it will be in-sourcing work from the supply chain, some of it will involve moving work from high cost to lower cost locations. Again, this is a multi-year program, but it's absolutely essential. We need the capacity because eventually demand will return and I think by the time this comes online in late 2023, we should see a return to kind of normalcy in commercial aerospace and Pratt will be well positioned with a much lower cost much, more automated production facility."

full call transcript
https://seekingalpha.com/article/4381781-raytheon-technologies-corporation-rtx-ceo-greg-hayes-on-q3-2020-results-earnings-call?part=single

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Post ID: @OP+17EbHmNW

4 replies (most recent on top)

Hi – I'm a journalist based in Atlanta and cover military affairs and the defense industry in the South. I'm interested in speaking with any workers in Connecticut who expect to be affected by Pratt's move to North Carolina. Please feel free to email me at taylor.k.barnes@gmail.com if you'd like to speak (anonymously if you need) or please feel free to pass my email along to other workers. best, Taylor

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Post ID: @2Qumb+17EbHmNW

Late 2023 is 3 years away. The union contract negotiations in 2022 should be interesting. Haye's crew will have zero leverage.

Not building the NC plant on Fantasy Island, but in an existing, low cost Industrial area, that was up and running in 2022, would have made much more sense.

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Post ID: @Hfld+17EbHmNW

sounds like some work will be moving out of ct

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Post ID: @erx+17EbHmNW

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