COMPANIES

Nearly 250 take Lockheed buyout

Mid-level managers must leave by March 22

A voluntary buyout program at Lockheed Martin Corp. has netted nearly 250 mid-level managers who will leave the company.

Federal Times reports that 260 employees applied for the program and 243 were approved for buyouts. The departing managers will leave by March 22.

The company is not planning more layoffs but will continue to evaluate its workforce needs, a spokeswoman told the newspaper.

Reader Comments

Thu, Mar 21, 2013

I'm not sure why this is being reported as a reduction in middle managers. These were mid-level employees, not all managers.

Wed, Mar 20, 2013

How many were RIFed?

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
 Top 100 Promo 2016
contracts DB
SEARCH

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More