214 Layoffs at Hamilton Sundstrand

The company is set to layoff 214 employees, or about 20 percent of its union workforce, the machinists union said. The buyouts would include a one-time payment of $7,000, one week of pay for every year of service and medical and dental coverage for one year.

United Technologies to cut 1500 jobs

United Technologies will cut another 1,500 this year and next on top of the 900 positions it has already eliminated in 2010.

The industrial conglomerate last week posted almost a 14 percent increase in second-quarter net income, citing a “relentless focus on cost.” It cut deeply into its payroll during the worst of the recession, cutting 11,600 jobs last year.