United Technologies To Lay Off Nearly 12,000 Workers
The conglomerate that owns such notable aerospace companies as Sikorsky, Pratt & Whitney, Rocketdyne and Hamilton Sundstrand will cut 5 percent of its global workforce this year, the latest victim of a staggeringly awful global economy.
United Technologies Corp. announced Tuesday it will shed 11,600 jobs from all divisions this year, as the company revised its once-optimistic forecast of an economic recovery this year.
“The outlook for commercial aerospace and global construction markets has continued to deteriorate,” Louis Chenevert, president and CEO, told the Wall Street Journal.
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