United Technologies Layoffs Job Cut: to fire 11600 employees: Finance Trading Times

United Technologies Layoffs Job Cut: to fire 11600 employees

The news is not good for the employees of United Technologies AG, which is a major global company for High-tech manufacturing & Support Services Company. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest additon to the list of organization which may go for layoffs is the United Technologies. It has declared that it will layoff some 11600 workers this year (2009). United Technologies Logo

How many employees may be fired in the United Technologies layoffs?
The news is that around 11600 employees may be fired from their jobs at United Technologies.

What is the total no. of employees of United Technologies?
Total No. of employees of United Technologies is around 233,000 as of now. The cuts would constiitute around 5% of the total employee force.

What will be the cost and savings by United Technologies layoffs?
The layoffs will cost about $600 million USD to the company. The savings will be much higher than that - $1 billion this year.

When will the United Technologies layoffs happen?
As per the reports, the layoffs will be done in this year itself, i.e. 2009.

Which locations will be affected by the United Technologies layoffs ?
No information is available location wise.

What is the primary reasons for United Technologies layoffs?
The job cuts are because of the deteriorating global economic outlook.

Any other news about United Technologies layoffs
As per CNN, The United Technologies revised its 2009 earnings per share guidance to a range between $4 to $4.50. Analysts currently expect earnings per share or EPS for United Technologies to be in the range of $4.30 and $4.95.
Let's hope that alternative jobs are available to the affected employees of United Technologies Layoffs Job Cut
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