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Westinghouse Air Brake Technologies Corporation

WABIndustrials· Pittsburgh, PA, United States
LAYOFFS TRACKED
3
LAST EVENT
Oct 1, 2023
MARKET CAP
$33.18B
EMPLOYEES
29,000

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products. The company also offers positive train control equipment; pneumatic braking products; railway electronics; signal design and engineering services; distributed locomotive power, train cruise controls, and train remote controls; industrial/mobile Internet of Things hardware and software, edge-to-cloud, on and off-board analytics and rules, and asset performance management solutions; rail and shipper transportation management, and port visibility and optimization solutions; and network optimization solutions. In addition, it provides freight car trucks, braking equipment, and related components; air compressors and dryers; heat transfer components and systems; track and switch products; new commuter and switcher locomotives; and turbochargers. Further, the company offers freight locomotive overhauls, modernizations, and refurbishment services; locomotive and car maintenance; transit locomotive and car overhaul; unit exchange of locomotive components; and maintenance of way equipment and services. Additionally, it provides railway and freight braking equipment and related components; friction products, such as brake shoes, discs, and pads; heating, ventilation, and air conditioning equipment; access and platform screen doors; pantographs; auxiliary power converter and battery chargers; passenger information systems and closed-circuit television; signaling and railway electric relays; and doors, window assemblies, accessibility lifts, ramps, and electric charging solutions for buses. The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.

Layoff timeline

3 EVENTS
Oct 1, 2023News

Westinghouse Air Brake Technologies Corporation has announced the closure of its Cedar Rapids facility, resulting in the layoff of 34 employees. The decision comes as part of a restructuring effort aimed at improving operational efficiency. The layoffs are effective immediately as the company discontinues its operations in the area. This move reflects broader challenges faced by the company in maintaining its workforce amid changing market conditions. The affected employees have been notified, and the company is working to assist them during this transition.

Date not reportedUpcoming · EstimatedNews

Westinghouse Air Brake Technologies Corporation, operating under the Wabtec name, is facing potential job cuts at its Doncaster facility in the UK, with reports indicating that around 300 positions are at risk. The company has not confirmed the layoffs but is considering the closure of the site, which could significantly impact local employment. This situation arises amid broader challenges within the rail industry, prompting Wabtec to evaluate its operational footprint. The outcome of this review could lead to a restructuring plan affecting hundreds of workers in the area.

Date not reportedUpcoming · EstimatedNews

Westinghouse Air Brake Technologies Corporation, operating under the name Wabtec, has announced plans to cut 300 engineering jobs in Doncaster, UK. This decision reflects ongoing challenges within the company and aims to streamline operations. The layoffs are part of a broader restructuring effort to improve efficiency and reduce costs. While specific dates for the job cuts have not been disclosed, the company is moving forward with this workforce reduction as part of its strategic realignment.

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