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United Technologies To Cut Another 1,500 Jobs

Mon, 07/26/2010 - 11:26am
Manufacturing.net

HARTFORD, Conn. (AP) -- United Technologies Corp. says it plans to cut another 1,500 jobs through 2011 after eliminating 900 positions in the first half of this year.

The parent company of jet engine manufacturer Pratt & Whitney, Otis elevator, Sikorsky Aircraft and other businesses said Monday in a regulatory filing that it will take restructuring and other costs of $121 million in 2010 related to the cuts.

The Hartford, Conn., company didn't specify where the job cuts are coming.

It says it cut about 900 jobs as of June 30 and expects to complete most of the remaining cost-cutting this year and in 2011.

United Technologies had announced 11,600 job cuts in 2009. It employed 206,700 workers as of the end of 2009.

Shares rose 49 cents, to $71.39 in afternoon trading.

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