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United Technologies? (UT) business is going up. Ever since Elisha Otis invented the safe elevator in 1845, UT's companies-"including Otis Elevator, Pratt and Whitney, and Sikorsky-"have taken people to the tops of skyscrapers and clouds. UT is currently divided into four business units: Hamilton Standard, which makes aeronautic parts and futuristic things likes space suits for NASA; the Carrier unit, which is the world's largest maker of heating and air conditioning systems; UT Automotive, the maker of thousands of automotive parts; and Research & Development, a laboratory which is the engine of innovation for the company's other divisions. Pain and perseverance United Aircraft changed its name to United Technologies in 1975. Soonafter, it began acquiring non-aeronautical companies such as Otis and Carrier, and consolidated its automotive operations as UT Automotive. UT's division blossomed until the early 1990s, when a downturn in the aerospace industry sent the company's earnings tumbling like a stalled jet plane. But in 1994, UT tapped George David to lead the company. David slashed 33,000 jobs in his first years in office, but pulled the company out if its tailspin. UT now makes the same amount of goods as it did in the early 1990s but with two-thirds of the workers. The company has also consolidated its vendors from 60,000 to 10,000 and won price concessions from the surviving vendors. Since David has taken over, the company has enjoyed improved earnings over 20 straight quarters. Automotive division drives down another road During the 1990s, UT has been busy selling minor, unprofitable subsidiaries. But 1999 may see UT's most significant spin-off to date. In January, bankers from Goldman, Sachs & Co. began advertising UT Automotive for approximately $2.27 million. UT Automotive is still a profitable division--in 1998, it won a GM contract for $400 to $500 million. However, some analysts question the unit's ultimate worth, noting that it doesn't match the double-digit profits that UT's other divisions yield.
Those interested in working for United Technologies' corporate headquarters should call the company's main number and ask for the job recording that lists current openings. Each of UT's subsidiaries conducts its own recruiting, although UT's web site, www.utc.com, does offer a plethora of information. One page presents a "job matrix" that describes the educational requirements for the engineering, scientific, and finance divisions of UT's four companies. For MBAs, UT offers its two-year "Leadership Associates Programs" in which business school grads cut their teeth on three to four assignments. While UT's companies do not provide external lists of current job openings, each of the company's individual web sites discuss qualifications. Applicants can send resumes to the following six addresses: Carrier; 1 Carrier Place; Farmington, CT 06034-4015 * Hamilton Standard; Mail Stop 129-35; One Hamilton Road; Windsor Locks, CT 06096 * Otis; 10 Farm Springs; Farmington, CT 06032 * Pratt and Whitney; Mail Stop 105-09; 400 Main Street; East Hartford, CT 06108 * Sikorsky Aircraft Professional Recruitment; Mail Stop S401D; 6900 Main Street; Stratford, CT 06601-1381 * UT Automotive; 5200 Auto Club Drive; Dearborn, MI 48126
Get paid to learn Ask United Technologies employees what they appreciate most about their employer, and chances are they'll mention the company's educational assistance program. The program pays for all book and tuition fees--regardless of whether the classes relate to employee jobs. "I think UTC has the best benefits package in the industry. Besides those medical, dental, and 401(k) standard benefits, UTC's educational assistance program is the best," says one insider. Adds another: "The company has a very strong education program. UTC pays for furthering your education; and at the end you get rewarded by a certain number of UTC shares. A very motivating way to promote education." Paying for the best and the brightest UT's size and position as a technological innovator means the company is willing to pay to keep its staff happily inventing. "Pay is handled differently among the business units, but they will all pay for the best and brightest," one insider divulges. "Pratt continuously looks at pay for job classes around the country and keeps well-performing employees at or above the national average." Change is good--mostly At UT, product innovation has apparently led to corporate innovation as well. "It is definately a large company atmosphere, but one of progressive change. There are on-going efforts to continue improving factories, improve purchasing, and improve total quality programs," one insider says. "The culture is growing more diverse. This is not only a result of legislation, but a result of the company's international focus," says another. But not everyone is entirely pleased by the corporate changes. Some divisions have felt the pressure of corporate streamlining more than others: "Work at Carrier is quite hectic as they have been making cutbacks here in recent years."
Human Resources
Carrier;Hamilton Standard;Otis;Sikorsky ;UT Automotive
American Standard;Boeing;British Aerospace;Dover;Electrolux;GE;Lockheed Martin;Rolls-Royce More Company Profiles For more career information, go to Vault.com ©2000, Vault.com Inc
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