Pratt & Whitney laid off approximately 400 employees on Tuesday, about half of whom are in Connecticut. David Cadden, a professor of management in the Entrepreneurship and Strategy Department in the School of Business at Quinnipiac University, is available to comment.
“It is always disheartening to hear of any layoffs, particularly given the current economic environment,” Cadden said. “These layoffs are part of P&W’s effort to reduce costs because of ‘issues’ in both the military and commercial markets. P&W produces engines for the F-22 and the F-35. The F-22 program ended with a production run far short of the original plans. The F-35 has been a problem child program and there is some uncertainty with respect to the final production run and the reimbursement by the government for engines. In the civilian market, P&W has faced stiff competition and the airlines, as part of their cost-savings program, have run more effective maintenance programs. This has reduced the demand for P&W’s spare parts. Hopefully, P&W’s geared turbine will revitalize its civilian engine program and if Lockheed can manage the F-35 more effectively, and the sequester issue can be dealt with then we might see a resurgence in P&W. That should be followed by hiring, although I’m not sure if those jobs would be in Connecticut.”
To reach Cadden, please call John Morgan, associate vice president for public relations, at 203-206-4449 (cell) or 203-582-5359 (office).