Collins Aerospace will lay off less than 1 percent of its workforce

Collins Aerospace, the North Carolina-based company that employs 9,000 people in Iowa, will lay off less than 1 percent of its total workforce.

The news was confirmed by a company spokesperson this week, who said the layoffs will be made across the company — not in one specific division or location.

Collins, an RTX business, employs about 80,000 people worldwide, of whom 7,000 are based in Cedar Rapids. One percent of the company’s workforce would be about 800 positions.

Erin Callender, director of global media relations for Collins, said the layoffs are part of an alignment effort.

“Collins Aerospace is implementing actions to align its cost structure with the ongoing aerospace recovery,” Callender said in an email. She could not comment on when the layoffs will happen, or how many employees in Iowa may be affected.

RTX recall

Bloomberg reported this week that RTX Corp. has dramatically expanded the scope of its recall of its Pratt & Whitney jet engines, a move that will affect nearly all of the turbines powering Airbus SE’s A320 single-aisle jets.

About 3,000 Pratt & Whitney engines must be removed over the next three years to check for potentially flawed components made from contaminated metal powder, RTX said Monday.

The added work will result in an average 350 aircraft parked per year through 2026, RTX executives told analysts. They expect the figure to peak at about 650 planes in the first half of 2024.

The Wall Street Journal reported the work will cost up to $7 billion and cut RTX’s profit by $3.5 billion.

RTX stock fell this week, and the company also cut its full-year sales outlook.

The Arlington, Va.-based company now expects reported fiscal year sales in the range of $67.5 billion to $68.5 billion, down from $75 billion to $75 billion. RTX said pretax operating profit will be reduced by as much as $3.5 billion over the next several years over the issue.

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