Market Chatter: RTX to Expand Workforce in India with 1,000 New Hires by 2027

MT Newswires Live12-19 21:16

RTX (RTX) plans to add 1,000 employees to its 7,000 workforce in India by 2027, focusing on engineers and data scientists to support global operations, Reuters reported Thursday, citing Collins Aerospace Vice President of Engineering Savyasachi Srinivas.

The new hires include 300 engineers for Pratt & Whitney within 18 months and 700 roles at Collins Aerospace over the next 12 to 18 months, the report said.

Srinivas said Collins Aerospace plans to open a larger factory in Bengaluru by 2026, consolidating three manufacturing sites, according to Reuters.

Meanwhile, Jayant Mukherjee, the head of Asia-Pacific and India Digital Capability Center at Pratt & Whitney told Reuters that the center center aims to increase in-house technology work to 55% over the next three years, reducing reliance on outsourcing partners.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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