Nearly 250 take Lockheed buyout
Mid-level managers must leave by March 22
- By Washington Technology staff
- Mar 19, 2013
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.