Jet engine maker Pratt & Whitney cuts 300 US jobs, citing business conditions

EAST HARTFORD, Conn. – Jet engine maker Pratt & Whitney is cutting 300 salaried jobs in the United States, including 200 in Connecticut.

The Connecticut-based subsidiary of United Technologies Corp. said the cuts come as it tries to keep staffing in line with business and economic conditions.

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A company spokesman did not specify which jobs are being cut but the changes have no impact on Pratt & Whitney Canada.

Pratt & Whitney president David Hess told reporters on May 2 that the unit’s sales are expected to double to US$24 billion by the end of the decade. But he said the company must get through a few years as the military shifts to new fighter jets that require different engines.

High fuel costs and the weak economic recovery also are pressuring airline customers.

Shares of United Technologies fell 56 cents to $73.50 in Thursday trading on the New York Stock Exchange.