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200 jobs in limbo as UTC dumps Clipper
The fate of Carpinteria-based Clipper Windpower and roughly 200 South Coast jobs hang in the balance after owner United Technologies Corp. abruptly disclosed plans to sell the turbine maker. A top official for United Technologies Corp. called the 2010 acquisition of Clipper a “mistake” on a call with Wall Street analysts. Indeed, the Clipper acquisition Read More →
Smaller firms win in defense makeover
The defense industry in the Tri-Counties is headed for its biggest shakeup in decades. Longtime players are cutting jobs while younger firms see growth as the Pentagon draws down its two foreign wars and focuses on strategic threats. Raytheon, a major Goleta employer, confirmed layoffs that will affect about 160 of its jobs in Goleta. Read More →