Industrial conglomerate United Technologies today disclosed that it will hire 35,000 workers in the U.S. over the next five years, and spend $15 billion on capital expenditures and research here during the same period. The announcements appear aimed at countering perceptions that the Connecticut-based company is moving manufacturing jobs out of the U.S. In fact, the company says, it is growing faster in America than overseas, and has created more jobs domestically over the last three years than in all of its foreign locations combined. Many of the planned U.S. hires will be in response to burgeoning demand for UTC’s aerospace products, especially Pratt & Whitney engines. I have written a commentary for Forbes here.
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