Aerojet Rocketdyne to cut costs and streamline operations


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The competition heats up: In renaming itself from GenCorp to Aerojet Rocketdyne, the company also announced today a four year program to cut costs and reduce its workforce by 10%.

It appears that most of the cuts will come from upper management, which suggests the company has identified fat it needs to get rid of in order to compete effectively in the re-energized aerospace industry.

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