Pratt & Whitney Agrees to Extend Deadline

September 9, 2009 – The IAM campaign to save more than 1,000 Connecticut aerospace jobs took a number of important steps forward last week, culminating in a commitment by Connecticut Governor M. Jodi Rell to provide Pratt & Whitney with $100 million in tax credits, training assistance and other benefits if the company suspends plans to close two Connecticut facilities.

The offer by the state of Connecticut is in addition to $63 million in annual cost cuts proposed by the IAM, including an agreement to help reduce overtime by 40 percent for all of Pratt’s Connecticut workers, not just the ones threatened with job elimination.

The IAM also secured an agreement from P&W to extend the deadline for negotiations from Sept. 6 to Sept. 13, giving the two sides and state officials more time to craft an alternative to closing the two facilities.

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