Helicopter maker Sikorsky cuts 1,400 jobs, citing falling oil production, weak military demand

CP33329474
FILE - In this March 10, 2009 file photo, workers walk outside of Sikorsky Aircraft, in Stratford, Conn. Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp., on Tuesday, June 2, 2015 said it\'s cutting 1,400 jobs in the coming year as the helicopter manufacturer faces declining demand for shuttling workers to offshore oil platforms. (AP Photo/Douglas Healey, File)

STRATFORD, Conn. – Sikorsky Aircraft Corp. says it’s cutting 1,400 jobs in the coming year as the helicopter manufacturer faces declining demand for shuttling workers to offshore oil platforms.

The Stratford, Connecticut, subsidiary of United Technologies Corp. on Tuesday also cited weak demand for international military products.

The reduction in production-related jobs affects facilities in Connecticut, Pennsylvania and Poland. Sikorsky will consolidate production volumes and exit a facility in nearby Bridgeport.

The job cuts would amount to about 9.2 per cent of Sikorsky’s workforce of about 15,200 people.

Spokesman Paul Jackson said the cuts are not related to a review by United Technologies of whether to sell, spin off or divest Sikorsky. A decision is expected to be announced in about a month.

Sikorsky posted 2014 sales of nearly $7.5 billion, up 19 per cent from 2013.

News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

The Associated Press

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.

Related Articles