United Technologies will relieve 11 thousand emplyees
The largest producer of air conditioners and elevators in the world, United Technologies announced it will cut 11 thousand, or about 5 percent of staff as no longer expected economic recovery this year, transmit Reuters. What we expected to happen in the second half of 2009 now seems delayed further in time, said Lewis sacking, Executive Director, based in the U.S. state of Connecticut company. Agency recalls that in December 2008 the total number of employees in the corporation reached 220 000. Release of the workforce, among other measures, restructuring costs of United Technologies about 750 million dollars this year. They will be partially offset by two one-off revenues, respectively 200 million and 350 million dollars.
The company, which produces more helicopters and jet engines, announced lower expectations for earnings this year by 2 billion dollars to 55 billion dollars. News about reducing the cost of United Technologies was taken positively by the market, its shares rose by 5.7 percent to 39.70 dollars in early trading on the New York Stock Exchange.
Labels: Business News
posted by Zoritza Petrova @ 2:20 PM
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