Seems like every day there is another company struggling.
Isn't there a lot of ISU grads that work at RC in Cedar Rapids?
Rockwell Collins Cutting 300 Jobs - Des Moines News Story - KCCI Des Moines
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Seems like every day there is another company struggling.
Isn't there a lot of ISU grads that work at RC in Cedar Rapids?
Rockwell Collins Cutting 300 Jobs - Des Moines News Story - KCCI Des Moines
There likely is alot of ISU grads here in CR working there. Though this won't affect them. They are only laying off hawkeyes errrr manufacturing workers.
They have done alot of expansion here in cedar rapids as well. I would imagine they have added something like 500-700 jobs in the last two years.
I know 2 people that work there in engineering,but they both went to Rose-Hulman in Indiana.
I know what the article said, but does the election of Obama have and the assumed cuts in military/defense have anything to do with this? I know the article mentions a cut of a government program.
R-C will have tough sledding if the defense budget is cut.
It'd certainly help them if Boeing was awarded the KC-767 contract. I know they supply the avionics for the 767. I don't think they do the Airbus/Northrup Grumman proposal (though I'm not 100% sure about that). However if they do, then they just need somebody to win the damn thing.
I highly doubt it. If they were working on gov't contracts, they are pretty much set in place by now and that's not going to change. The gov't cancels programs all the time for various reasons. Some of them NEED to be killed off.
Aside from that, cuts in military/defense were going to happen no matter who got elected. Obama doesn't change any of that.
RC flows in cycles, like many large companies. Expand, grab market, cut the fat while the market swings, and then wait for a market rebound. This is the fat getting cut, and it probably won't be the end based on past events.
Their net gain in jobs over the past 5 years has still been pretty high.
The same thing is going to be happening at Deere in waterloo from what the wife tells me.
RC is about 50% government and 50% commercial = stability