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Pratt & Whitney to Cut 10,000 Jobs: Troubled jet engine maker Pratt & Whitney gave a rapid-fire timetable for its plan to slash 10,600 jobs, saying 7,600 of the positions will be cut by October. Officials of East Hartford, Conn.-based Pratt also confirmed longstanding fears that they will close an unspecified number of manufacturing plants to cope with a crippling slump in the commercial jet engine market. In a letter to employees, President Karl J. Krapek said Pratt will reduce its total floor space by as much as 5 million square feet over the next two years, 2 million more square feet than previously announced.
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