UTC - March 2009

Faced with falling global demand, <a class="taxInlineTagLink" id="ORCRP015947" title="United Technologies Corporation" href="/topic/economy-business-finance/united-technologies-corporation-ORCRP015947.topic">United Technologies Corp.</a> will execute its most aggressive one-year restructuring plan in more than a decade, eliminating 11,600 jobs worldwide this year, or 5 percent of its workforce, and closing some factories, the company said Tuesday, March 11. Workers walk outside of Sikorsky Aircraft in <a class="taxInlineTagLink" id="PLGEO100100201200000" title="Stratford" href="/topic/us/connecticut/fairfield-county/stratford-PLGEO100100201200000.topic">Stratford</a>. Its parent company is United Technologies Corp.

( DOUGLAS HEALEY / AP / March 10, 2009 )

Faced with falling global demand, United Technologies Corp. will execute its most aggressive one-year restructuring plan in more than a decade, eliminating 11,600 jobs worldwide this year, or 5 percent of its workforce, and closing some factories, the company said Tuesday, March 11. Workers walk outside of Sikorsky Aircraft in Stratford. Its parent company is United Technologies Corp.

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