GenCorp Inc. said Tuesday it is eliminating 225 jobs as it seeks to “eliminate redundancies and achieve efficiencies” following its $550 million acquisition last summer of Pratt & Whitney Rocketdyne. The job cuts will take place throughout the workforce of the recently combined company, Aerojet Rocketdyne, headquartered in Rancho Cordova. The cuts represent about 5 percent of the new company’s employees.
The job cuts, which won’t be individually announced until the end of March, are across the board and across the country, said Glenn Mahone, GenCorp vice president of communications. “Some are in Sacramento, some in Los Angeles and some in our other sites across the country.” He said the affected jobs include positions in engineering, operations, supply chain and materials management, and business development.
GenCorp has until March 30 to notify the affected individuals, based on federal requirements. The process of identifying specific positions subject to layoffs is “still underway,” Mahone said. “I imagine the numbers would not be a lot higher than 100 here in Rancho Cordova, if even that many.”
He said the company “will take all reasonable steps to give those employees access to advice, counseling and careers services to help them through their transition.”
Mahone said GenCorp had not determined the exact cost savings achieved by the cuts.
Last summer, when GenCorp formed Aerojet Rocketdyne, it created what is considered one of the country’s largest suppliers of rocket engines for federal space, missile defense and other programs. According to news reports, the new company pledged to save the government $100 million per year.
Before their merger, both Aerojet and Rocketdyne had struggled because of dwindling government space-program budgets. By combining companies, Aerojet doubled its business and reaffirmed its commitment to aerospace and defense after years of uncertainty. Last month, the company’s rocket thrusters helped launch a NASA communications satellite.
Mahone said the cuts are not related to any changes in federal contracts. But in the wake of the merger, “We’re looking at where we overlap in order to get rid of rendundancies and increase efficiencies.”
At the same time, Aerojet Rocketdyne is still hiring, with new openings posted on its website, www.rocket.com.
Call The Bee’s Claudia Buck, (916) 321-1968.