Rocketdyne Lays off 100 ahead of Aerojet Merger
CANOGA PARK - 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 six sites across 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.