United Technologies to Slash 11,600 Jobs Globally

Company expands its 2009 restructuring by $600 million to $750 million in response to the sharp global slowdown

United Technologies Corp., a manufacturer of aerospace systems, elevators and helicopters, said on March 9 it will cut 11,600 jobs worldwide to cope with the global economic slowdown.

UTC president and chief executive Louis Chenevert said the company would expand its 2009 restructuring by $600 million to $750 million in response to the sharp global slowdown.

The belt tightening will result in a reduction in global headcount of 11,600 and further blue-collar scalebacks could occur during the year depending on production required by market conditions, he said.

Copyright Agence France-Presse, 2009

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