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United Technologies' Sikorsky unit to cut 600 jobs [February 22, 2014] By Andrea Shalal HUNTSVILLE, Alabama (Reuters) — Sikorsky Aircraft, the helicopter unit of United Technologies Corp <UTX.N>, on Friday said it would lay off 600 workers beginning in the next few weeks, citing continued "challenging and unstable economic conditions." |
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Company spokesman Paul Jackson said the layoffs
would affect mostly employees in Connecticut, home to about
8,200 of Sikorsky's total workforce of 16,500. Jackson said the company notified workers about the
restructuring on Friday. "This workforce reduction will occur over the next several weeks
and follow significant cost reduction actions that the company
has already taken," he said. "These decisions are always
difficult to make but necessary to protect the company's
competitiveness and future." Sikorsky and other weapons makers are bracing for additional
spending reductions in the Pentagon's fiscal 2015 budget, which
Defense Secretary Chuck Hagel is due to preview on Monday. (Reporting by Andrea Shalal; editing by Chizu Nomiyama) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
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