The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
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
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: Hospodárske 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.
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