Collins Aerospace will lay off 65 employees in Decorah and Bellevue as of Jan. 2, according to a WARN notice filed with Iowa Workforce Development.
The company will eliminate 36 positions in Bellevue and 29 positions in Decorah, according to the state-required notice.
“The unprecedented impact of COVID-19 has significantly reduced production volumes in commercial aviation and caused us to align our business operations with current demand,” Collins Aerospace spokeswoman Pam Tvrdy-Cleary said in a statement. “Impacted employees will receive a separation payment, transition payment, and continuation of benefits, in addition to outplacement services to support impacted employees through the transition.”
The lack of commercial air traffic has taken a significant toll on Collins Aerospace’s operating revenue and sales.
Collins Aerospace’s operating revenue was down 94 percent in the third quarter of this year ending Sept. 30, compared to the third quarter of 2019.
That has resulted in myriad cost-cutting measures, including layoffs of 72 Cedar Rapids employees, furloughs, a hiring freeze and salary cuts.
Collins Aerospace, a business unit of Raytheon Technologies, has about 10,000 employees between its four Iowa locations — Cedar Rapids, Coralville, Decorah and Bellevue — a spokeswoman previously told The Gazette.
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Tvrdy-Cleary did not comment on what impact this will have on employees in Cedar Rapids or Coralville.
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