Nearly 470 Take Rockwell Collins's Early Retirement Plan | Aviation International News

Nearly 470 Take Rockwell Collins's Early Retirement Plan

Rockwell Collins offered voluntary separation plan as Global production cuts depress business aviation work.

By Kerry Lynch • Editor, AIN monthly magazine

November 11, 2015

Nearly 470 Rockwell Collins employees accepted a voluntary separation retirement incentive plan that the company offered as it lowered expectations for its business aviation revenue. Rockwell president and CEO Kelly Ortberg, in announcing the company fiscal year 2016 guidance, in September said, “we are resetting our near-term expectations for [the business aviation business].” The guidance accounted for the production rate reduction on the Bombardier Global 5000/6000, and additionally assumes rate reduction in the midsize and light segments, he said. “The resulting effect is that we now expect our overall business and regional jet OEM sales to decrease low-double digits from fiscal year 2015.”

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