The jet engine maker Pratt & Whitney said on Monday that it would eliminate 1,000 jobs in Connecticut by 2011, transferring engine repair work to the southeastern state of Georgia and Asia in a cost-cutting move.
The subsidiary of United Technologies Corp will shut its Cheshire, Connecticut,plant by early 2011 and shift some operations from its East Hartford facility beginning in the second quarter of next year. Work will be moved to Columbus,Georgia, Singapore and Japan.
The only way that we can keep highquality jobs in Connecticut is to remain competitive, react to dynamic market conditions and position the company for long-term success, it said.
Pratt & Whitney, which is suffering from declines in airline demand, employs 35,000 workers worldwide, with 11,000 in Connecticut. A spokesman said the net loss of jobs companywide was unclear as work is moved out of the state, pri-marily to cut labour costs.
In deciding to terminate the jobs in Connecticut, Pratt & Whitney rejected an offer that the Machinists union valued at more than $80 million in wage and other concessions and a state plan proposing $100 million in economic assistance over five years.
The company said the two proposals failed to come up with $53.8 million needed in annual and recurring savings to avoid shutting the two operations.
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