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Rockwell Collins Plans Staff And Cost Reductions

DDN

Monday, November 17th, 2008

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Rockwell Collins [COL] last week announced a staff and cost reductions to effectively manage the impact of the economic downturn. "Like many other companies, we're dealing with significant challenges in meeting our business objectives," Rockwell Collins Chairman, President and CEO Clay Jones said in a statement. "These challenges include air travel declines resulting from the weaker global economy, delays and cancellations in several government programs, and the prolonged Boeing strike. We've had to make some very difficult decisions in order…

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