Rockwell Collins to lay off 300 - KWWL - Eastern Iowa Breaking News, Weather, Closings

Rockwell Collins to lay off 300


CEDAR RAPIDS (KWWL) -- Rockwell Collins announced a cost reduction plan on Monday that includes laying off 300 employees nationwide.

The company will lay off about 300 Other plans include delaying merit increases for most employees by about three months and reducing the research and development budget for next year.

Rockwell Collins Chairman Clay Jones cites air travel declines, delays and cancellations in government programs and the Boeing strike as reasons for the comprehensive plan.

You can read the full statement from Rockwell Collins here.

Online Producer: Jenn Jarvis


Powered by Frankly