Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28 - Manufacture of machinery and equipment n.e.c.

18,000 jobs
Number of planned job losses
Job loss
Announcement Date
11 March 2009
Employment effect (start)
1 September 2008
Foreseen end date
31 December 2009

Description

United Technologies Corporation (UTC), US-based industrial company, has announced its USD 600 million restructuring plan for 2009 that will result in global employment reduction of 11,600 (5% of its current workforce). These reductions, together with workforce reduction occurred in 2008, will represent a total 18,000 job cuts. UTC is a diversified company that provides a broad range of high technology products and support services to the building system and aerospace industry.


Sources

  • 11 March 2009: Hospod├írske noviny

Citation

Eurofound (2009), United Technologies Corporation, Internal restructuring in World, factsheet number 68477, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68477.