12,000 Workers Laid Off in One Company…

You better get prepared… there’s no such thing as job security in this economy.  Here’s just one of the announcements from this week:

United Technologies announces layoffs for nearly 12,000 workers
With no economic recovery in sight, United Technologies Corp. says it will shed 11,600 jobs this year, reducing its workforce by 5%. UTC’s diverse portfolio — including Pratt & Whitney jet engines, Sikorsky helicopters, Hamilton Sundstrand aerospace components, Otis elevators and Carrier air conditioners — has shielded the company from past downturns, but nearly every business line is suffering in the current recession. The company said Tuesday it now expects 2009 revenues to fall $2.7 billion short of projections made just three months ago. Pratt & Whitney, for instance, was expecting 20% growth in shipments of business-jet engines, but now expects shipments to be flat after a spate of negative publicity for business aviation. Forbes (3/10) , The Wall Street Journal (subscription required) (3/11)

Get your own FREE Home Business Training by online video – The multi-income stream business you start for FREE.

Check it out at: www.SpidersMarketingWeb.com

> Rantings — Wes @ 1:39 pm

March 11, 2009

2 Comments

  1. I found your site on Google and read a few of your other entires. Nice Stuff. I’m looking forward to reading more from you.

    Comment by Stacey Derbinshire — March 11, 2009 @ 2:00 pm

  2. To Wes,

    Thank you the site helped me to get started and actually earn my first internet money. It was so easy to follow the free video training. This is easy business to start and it works.

    Shonge from Tiwan

    Comment by SHONGEHUH — May 29, 2010 @ 12:08 pm

RSS feed for comments on this post. TrackBack URI

Sorry, the comment form is closed at this time.