Heating and cooling equipment manufacturer Carrier Corp. said Friday it will close an upstate New York parts warehouse as it consolidates operations due to continuing pressure from the recession on the weak residential housing market.
Up to 170 workers, of a total of 1,300 at the warehouse in DeWitt, N.Y., could lose their jobs, the company said.
Carrier, a subsidiary of Hartford, Conn.-based United Technologies Corp., will begin moving inventory later this year to a warehouse in Smyrna, Tenn., said Jon Shaw, a spokesman for Carrier in Syracuse, N.Y.
With many heating, ventilating and air conditioning parts businesses operating in the South, shutting the DeWitt plant is expected to improve customer service and reduce transportation costs, Carrier said.
Carrier has been hurt by the collapse in the housing market. Greg Hayes, chief financial officer for United Technologies, told investor analysts last month that the outlook for housing construction is little changed from March.
Shares of United Technologies fell 37 cents, to $59.64 on Friday.