Raytheon Technologies Corp., the biggest aerospace supplier by sales, said it is cutting 20,000 jobs this year as it adjusts to the shrinking airline industry and the sharp drop in jetliner orders and deliveries.
The company, which supplies engines, aircraft seats and other parts to airlines and plane makers, said the cuts include a 20% reduction in its commercial arm. It is also reducing its office and factory space by as much as a quarter in response to pandemic-driven changes in demand and working conditions.
Raytheon…
