Close this Advertisement




Share

More layoffs for Lockheed

  • By Washington Technology staff
  • Sep 26, 2011

Lockheed Martin’s aeronautics business announced 540 layoffs as part of a plan to trim the costs and improve efficiency, the company announced.

Most of the staff reductions will occur in Forth Worth, Texas; Marietta, Ga.; and Palmdale, Calif., and should be completed by the end of the year. Lockheed Martin has 28,000 employees in its aeronautics business.

This is the latest in a series of layoffs by Lockheed Martin as it and the rest of the defense industry deal with reductions in the military’s budget. In additions to layoffs, the company has had two rounds of voluntary buyouts to reduce its executive ranks and to lower costs in its corporate structure.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?
My e-mail address is:

Do you have a password?
Forgot your password? Click here
close
SEARCH

Trending

Webcasts

  • How Do You Support the Project Lifecycle?

    How do best-in-class project-based companies create and actively mature successful organizations? They find the right mix of people, processes and tools that enable them to effectively manage the project lifecycle. REGISTER for this webinar to hear how properly managing the cycle of capture, bid, accounting, execution, IPM and analysis will allow you to better manage your programs to stay on scope, schedule and budget. Learn More!

  • Surviving Lowest Price Technically Acceptable IT Projects: Maximize your Returns and Customer Satisfaction Ratings

    Register for this FREE exclusive roundtable webcast to hear from Nick Wakeman, Editor of Washington Technology, Shamun Mahmud, Cloud Security Architect, DLT Solutions and Paul McCloskey, Federal Alliances Leader, SolarWinds, and they discuss the different approaches on how you can deliver low cost, technically excellent, better value solutions to meet the fiscal and technology needs of today’s government, while still maximizing your returns on your LPTA IT projects. Learn More!