Friday, June 28, 2013

Sikorsky cuts jobs, cites weak military spending

STRATFORD, Conn. (AP) -- Helicopter maker Sikorsky Aircraft Corp. is laying off 200 workers due to military spending cuts and the uneven economic recovery.

Spokesman Paul Jackson said Thursday that the subsidiary of United Technologies Corp. is responding to reduced spending by the U.S. and other governments. In addition, he says costs to compete are increasing, and many customers are delaying buying decisions due to what he says is economic uncertainty.

Most of the job cuts are in Connecticut and represent about 1 percent of all jobs at the company. The rest are in eight other states.

Sikorsky, which is based in Stratford, Conn., is best known for its Black Hawk helicopter, a work horse in Afghanistan and, before that, in the Iraq war. It also makes helicopters for commercial use.

Source: http://news.yahoo.com/sikorsky-cuts-jobs-cites-weak-192129163.html

Marissa Mayer Jon Lord Colorado shootings dark knight rises Aurora shooting James Eagan Holmes jeremy lin

No comments:

Post a Comment