Pratt & Whitney Rocketdyne Lays Off Employees

With the end of the space shuttle program, Pratt & Whitney Rocketdyne needs fewer employees:

About 100 employees at Pratt & Whitney Rocketdyne, most of whom work in the San Fernando Valley, were laid off Wednesday in response to dwindling government spending on space exploration, the company said.

The layoffs were effective immediately, and 75 percent of them came at the facilities on Canoga and De Soto avenues, which employ about 1,100 people. The company has seven sites across the nation, including two in the Valley.

“The uncertain future of the space industry and current economic conditions have created an environment where we must take these steps to ensure we remain competitive,” the company said in a statement.

Layoffs had been expected at rocket-engine maker Rocketdyne, which is in the process of being sold to Sacramento-based GenCorp Inc. for $550 million….

NASA has retired the shuttle fleet, and Rocketdyne said it needed to trim its workforce as a result.

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