Sikorsky cut 1400 employees due to low offshore workers demand

Noam Stiekema

Sikorsky Aircraft announced it would cut 1,400 jobs over the next year, after the US manufacturer of helicopters is facing weaker demand for workers on offshore oil platforms in the sea. On Tuesday, the subsidiary of United Technologies, based in Stratford, Connecticut, announced that “declines in oil prices”, leading to a significant decline in capital […]

SikorskySikorsky Aircraft announced it would cut 1,400 jobs over the next year, after the US manufacturer of helicopters is facing weaker demand for workers on offshore oil platforms in the sea. On Tuesday, the subsidiary of United Technologies, based in Stratford, Connecticut, announced that “declines in oil prices”, leading to a significant decline in capital investments of oil companies to explore for oil deposits in the sea affects Sikorsky, reducing production levels. Furthermore, the demand for “certain international military products” is also less.

Job losses linked to production concerns facilities in Connecticut, Pennsylvania and Poland. Sikorsky intends to consolidate production volumes and terminate its operation in Bridgeport. The cuts will affect about 9.2% of the company’s workforce, which equals about 15 200 people.

Spokesman Paul Jackson said the cuts are not related to the decision of United Technologies to explore options for selling, release or assignment of Sikorsky. The judgment of the company’s future to be announced next month. Sikorsky announced that its sales for 2014 amounted to almost 7.5 billion USD, taking into account the 19% increase compared to 2013.

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