Raytheon says it is a 'target' of a DOJ probe into industry hiring practices

Raytheon Technologies Corp said it is a target of a U.S. Department of Justice investigation into hiring practices in the aerospace industry, the U.S. aerospace and defense firm said in a filing on Friday.Raytheon had received a subpoena in late 2019 focused on alleged hiring restrictions between Pratt & Whitney, a subsidiary of Raytheon, and some of its suppliers of outsourced engineering services. It also included requests regarding Collins Aerospace.

A former Pratt & Whitney employee and some other employees of outsourced engineering suppliers were charged in December for restricting the hiring and recruiting of engineers and skilled laborers in a way that violated antitrust laws. "Raytheon Technologies is committed to complying with applicable state and federal laws and is cooperating fully with the government's inquiry," the company said in a statement.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney closes gap with Netflix, streaming industry future still in questionThe strong subscriber additions by Disney+ in the latest quarter helped Walt Disney Co's flagship streaming service close the gap with market leader Netflix Inc, but industry watchers focused on future prospects for streaming in a saturating market.Disney+ added 11.8 million https://reut.rs/3suczXC subscr
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

India's textile industry revs up, giving hope on jobs for PM ModiHINDUPUR, India : At Texport Industries' factories in India's south, thousands of mostly women workers are busy converting yarn and fabrics into T-shirts, shirts, spaghetti tops and kids' clothes for U.S. customers of Tommy Hilfiger and Kohl's Corp.After being outpaced in recent years by neighbouring Bang
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »