United Tech­nolo­gies to lay off more work­ers as sales re­bound

Austin American-Statesman - - BUSINESS -

HART­FORD, Conn. — United Tech­nolo­gies will cut an­other 1,500 jobs this year and next on top of the 900 po­si­tions it has al­ready elim­i­nated in 2010, the com­pany said.

The in­dus­trial con­glom­er­ate last week posted al­most a 14 per­cent in­crease in sec­ondquar­ter net in­come, cit­ing a “re­lent­less fo­cus on cost.” It cut deeply into its pay­roll dur­ing the worst of the re­ces­sion, cut­ting 11,600 jobs last year.

These most re­cent job cuts come, how­ever, with the com­pany post­ing its first in­crease in rev­enue in about two years as aero­space and re­frig­er­ated trans­porta­tion or­ders re­bound. The com­pany also raised its profit ex­pec­ta­tions.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.