United Technologies Corp., an aerospace industry giant, said on Tuesday it would reduce additional 11,600 workers as conditions in the aerospace deteriorate further.
That will take total job reductions to 18,000, the company said in a statement.
The company also lowered its full-year forecast across all its businesses, with revenue to decline in its Otis elevator and Carrier ventilation-system divisions because of the slump in commercial and housing construction.
In aerospace, United Technologies cut its expectations for new Pratt & Whitney jet-engine delivers, with double-digit reductions now forecast in its after-market services business.
The company cut its 2009 earnings per share forecast to between 4 dollars per share and 4.50 dollars per share, down from its December outlook of 4.65 dollars to 5.15 dollars.