Raytheon to cut more than 15,000 jobs amid airline slowdown


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WALTHAM, Mass. — Raytheon Technologies Corp. plans to eliminate more than 15,000 jobs this year at its corporate offices, jet engine-maker Pratt & Whitney and aviation and military equipment manufacturer Collins Aerospace amid the downturn in the airline industry, Chief Executive Officer Greg Hayes said Wednesday.

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The job cuts at the Waltham, Mass.-based company are nearly double the total it initially announced in July.

Hayes, speaking during a Morgan Stanley analysts conference via webcast, said the cuts amount to administrative cost reductions of about 20% at Pratt & Whitney, based in East Hartford, Conn., and about 12% at Collins Aerospace, based in Charlotte, N.C.

Pratt & Whitney has seen shop visits decline 60% since the second quarter, and Collins Aerospace saw a 65% drop in commercial spare parts orders, Hayes said, noting global commercial air traffic is down about 45% amid the coronavirus pandemic, down

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Music education supplier faces continued slowdown, uncertainty around school openings

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A Wauwatosa-based supplier of music education resources is facing a sales slowdown as educators grapple with how to teach music during the COVID-19 pandemic. 

When schools closed in the spring, Plank Road Publishing saw a significant decline in sales, according to owner Teresa Jennings. Although business has picked up again in more recent months, she says “it continues to be very hand-to-mouth.” 

In a recent interview, she said the uncertainty surrounding this school year and whether students will be instructed in-person has been a drag on her company.

“Most of the music we produce is for classroom and performance purposes,” she told WisBusiness.com. “If there are no programs, concerts, performances or gatherings, the need for our resources is diminished.” 

Plus, health experts have identified singing and playing certain instruments as risk factors for the spread of the virus. As for singing while wearing a mask —

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