Lockheed to cut 340 employees, 190 voluntarily

Reduction is part of corporate downsizing plan

Lockheed Martin Corp. will reduce its human resources roles by some 340 employees, more than half of whom have accepted a corporate buyout.

“We recently concluded the voluntary layoff program that was offered to all U.S.-based salaried employees in Lockheed Martin Corporate Headquarters and Enterprise Business Services," said company spokesman Rob Porter in a statement e-mailed to Washington Technology by Lockheed's public relations office Sept. 8. "Of the 6,500 eligible employees, approximately 190 employees have volunteered to take the program and will exit the company by early October."

“After a review of the future requirements of the business, we have determined a need to implement an involuntary reduction to eliminate an additional 150 EBS positions. The employment reductions are necessary to improve the affordability of our business and increase operational efficiency,” the statement added.

In June, Lockheed announced that it would lay off 1,200 employees from its space systems sector by the end of the year.

"In today's economic environment, we have two choices: Make painful decisions now or pay a greater price down the road,” Joanne Maguire, executive vice president of Lockheed Martin Space Systems, said in a news release at the time. “This is a difficult but necessary action to improve efficiencies and make our business more competitive going forward,” she said.

But that figure grew to 6,500 when the company later announced a program of voluntary layoffs targeted at salaried employees who report to corporate headquarters and provide internal business services.

Lockheed said the layoffs would help align the corporate staff with the needs of its businesses, which also have been making staffing cuts during the past year.

Lockheed Martin Corp., of Bethesda, Md., ranks No. 1 on Washington Technology’s 2011 Top 100 list of the largest federal government contractors.

About the Author

David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.

Reader Comments

Thu, Sep 8, 2011

Simply amazing!!! They go through a huge voluntary lay-off last year and relate it to the competitive environment / budget pressures. Ten months later they determine that they have 340 excess HR people. Who is running this place? The lack of executive leadership is shameful. Kubasik and Stevens must go! The strategic direction set years ago to "Ride the Tide" and bank on JSF is imploding. JSF is in trouble. Jet fuel and antifreeze in the pilots bloodstream will kill the program along with budget pressures. They should have rode the services tide when it could have. Ego and fat wallets are killing this company. Can we please get a business leader to fix this place.

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