United Technologies will cut another 1,500 this year and next on top of the 900 positions it has already eliminated in 2010, the company said Monday.
The industrial conglomerate last week posted almost a 14 percent increase in second-quarter 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.
FULL STORY: http://finance.yahoo.com/news/United-Technologies-to-cut-apf-1557758016.html?x=0
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