Sikorsky Cuts 2 Percent Of Work Force

Stock quotes in this article: UTX  

STRATFORD, Conn. (AP) — Connecticut-based Sikorsky Aircraft says a slumping commercial aerospace market is the reason it had to cut its global work force by 2 percent this week.

Company spokeswoman Marianne Heffernan says the restructuring took place on Thursday and affected all divisions. She would not say exactly how many jobs were cut, but a 2 percent reduction in Sikorsky's 17,500 work force would mean 350 fewer jobs.

The subsidiary of Hartford-based United Technologies Corp. had told employees earlier this year that there would be three-day furloughs and job cuts. About 9,000 people work at Sikorsky's headquarters in Stratford.

A majority of Sikorsky's work is for the military and the company has continued to secure contracts for Black Hawks, Seahawks and other helicopters.

___

Information from: Connecticut Post, http://www.connpost.com

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,308.26 1,096.07 2,180.05 34.87
Oil *
73.22
DOWN
132.86
DOWN
13.11
DOWN
26.86
DOWN
1.09
10 Yr
3.49%
SPDR Gold
107.34
-1.27%
-1.18%
-1.22%
-3.03%
Data delayed 20 minutes

More From TheStreet

Latest Headlines

Brokerage Partners

TheStreet Premium Services

All Services