UTC/Raytheon merger would move headquarters to Boston

News

(WTNH) — A mammoth merger announced over the weekend would see the world headquarters of Connecticut’s largest private employer moving to Boston.  But the merger between Farmington-based United Technologies and Massachusetts based Raytheon Company should not affect the thousands of
manufacturing jobs here.

Farmington based UTC is a conglomerate that employs 19,000 people in Connecticut and thousands more work at subcontractors around the state making it the largest private employer in Connecticut.   So the news that it is merging with the much smaller Massachusetts based Raytheon Company and moving the new merged corporate headquarters to Boston came as a shock and the Lamont Administration was apparently not even at the table during negotiations. “We don’t know why Boston, what negotiations or horse trading was part of that,” said Lamont’s Commissioner of Economic Development David Lehman.

WEB EXTRA: More on the UTC/Raytheon merger

Republicans are saying it’s the anti business climate of Connecticut that’s driving UTC’s 100 highest paying jobs to Boston.  The Deputy House Minority Leader, Rep. Vin Candelora (R-North Branford) saying, “When you have a Governor who’se spending an entire session talking about ‘Paid FMLA,,’ marijuana, and tolls,it’s understandable that long term these businesses are looking for alternatives.”  Commissioner Lehman retorted,  “I don’t think this is about the budget. I don’t think this is about the anti business sentiment.  You know, Boston is an attractive place.”

Democratic leaders in the Assembly say that while losing the headquarters is regrettable, if approved by federal regulators, the new, larger, merged company should be good for all the UTC division manufacturing and related jobs here.  Senate President Pro temp, Sen. Martin Looney (D-New Haven) saying,  “Will provide even greater stability for the 19,000 production jobs that are here in Connecticut plus the untold number of other jobs in the supply chain.”  Joe Brennan of the Connecticut Business and Industry Association added, “We’re in an intensely competitive world and if  we’re going to win a lot more that we’re going to lose on these decisions we’ve got to be more aggressive in creating the environment here that makes businesses chose Connecticut.”

WEB EXTRA: Keeping and attracting businesses to Connecticut 

Since there’s not much overlap in the stuff Raytheon and UTC companies make, jobs here should
be safe, in fact Pratt and Whitney in Middletown and East Hartford are hiring right now.

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