The merger numbers at face value make no sense even with early or encouraged retirements. Just do a comparison to the reporting of other companies like Boeing and Lockheed you'll find current employee levels are not sustainable.
RayTech could play the game that Raytheon (and others) have played in the past. Mass Furloughs, until it's so painful people, must quit. That way RayTech won't have to pay for unemployment benefits. Then they'll change their merit system so raises will be bad for the next several years. They've already dialed back on their benefits for the last several years at Raytheon. Expect that to continue. They're hiring salaries, benefits, environment, and compentancies are not competitive. Once the income from the older tech they're selling over seas to foreign countries runs out they're in big trouble.
Good luck RayTech engineers!