Save Money in this Sunday's paper

comments

United Technologies may furlough 5,000 workers because of shutdown

HARTFORD, Conn. United Technologies Corp., which has an aerospace division in Charlotte, says it may furlough more than 5,000 U.S. workers if the federal government shutdown continues into next month.

The company said Wednesday that its Sikorsky division, which makes Black Hawk helicopters, would be hit first. It expects nearly 2,000 employees, including those employed at facilities in Connecticut, Florida and Alabama, will be furloughed on Monday.

The Hartford, Conn.-based manufacturer said it would halt some defense manufacturing because government inspectors themselves have been furloughed. That leaves the company without the necessary federal approvals to make military products.

If the shutdown continues through next week, the furloughs would extend to its Pratt & Whitney and UTC Aerospace Systems division, bringing the total number of employees on hold up to 4,000. That number could exceed 5,000 if the shutdown stretches into next month.

UTC Aerospace Systems, with offices on West Tyvola Road, is the new incarnation of the former Charlotte-based Goodrich Corp., which United Technologies Corp. acquired last year in an $18.4 billion deal.

Company officials said in June that the Charlotte division headquarters employed 250, with plans to expand to more than 300 in coming years. The aerospace division makes components for aircraft and spacecraft throughout the world.

Company officials in Charlotte could not immediately be reached for comment on Wednesday evening.

All told, United Technologies employs about 218,300 employees. Of its annual revenue of $57.7 billion in 2012, $10.1 billion came from the U.S. government.

The partial government shutdown, which took effect Tuesday, has idled roughly 800,000 “non-essential” federal workers for an unknown period.

Shares of the company fell $2.40 to close at $104.98 Wednesday. They were unchanged in after-hours trading.

Hide Comments

This affects comments on all stories.

Cancel OK

The Charlotte Observer welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views.

Have a news tip? You can send it to a local news editor; email local@charlotteobserver.com to send us your tip - or - consider joining the Public Insight Network and become a source for The Charlotte Observer.

  Read more



Hide Comments

This affects comments on all stories.

Cancel OK

The Charlotte Observer welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views.

Have a news tip? You can send it to a local news editor; email local@charlotteobserver.com to send us your tip - or - consider joining the Public Insight Network and become a source for The Charlotte Observer.

  Read more


Quick Job Search
Salary Databases
CharlotteObserver.com