The reorganization of Raytheon Co., announced Friday, leaves the air traffic control business free of the layoffs and massive changes that will penetrate the defense side of the business. Raytheon said Friday that the reorganization into Raytheon Systems Co. of multiply merged firms Raytheon, Hughes Aircraft Co., Texas Instruments and E-Systems will result in the elimination of about 8,700 jobs during the next two years. "Employment will be reduced by about 10%," said William Swanson, ...
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