United Technologies Will Furlough 2,000 Workers on Monday if Shutdown Continues
Federal employees aren't the only ones feeling the government shutdown's squeeze. United Technologies announced today that "thousands of workers" could be put on furlough if the shutdown continues.
The company relies on federally employed Defense Contract Management Agency inspectors to move ahead with work, and their furlough puts much of United Technologies' operations at a standstill.
United is currently expecting to put 2,000 of its BLACK HAWK helicopter employees on furlough next Monday (October 7), with facilities from Connecticut to Alabama to Florida affected by the shutdown. It also warned that it would be forced to increase those numbers to a companywide 4,000 by the end of next week or 5,000 by November.
The article United Technologies Will Furlough 2,000 Workers on Monday if Shutdown Continues originally appeared on Fool.com.Fool contributor Justin Loiseau has no position in any stocks mentioned. You can follow him on Twitter @TMFJLo and on Motley Fool CAPS @TMFJLo.The Motley Fool has no position in any of the stocks mentioned, either. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.