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Lockheed Martin Cutting 4000 Jobs

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In response to continued government budget cuts, defense contractor Lockheed Martin announced Thursday that it will close and consolidate several of its US facilities and reduce its workforce by 4000. By mid-2015, the company said, it plans to close its operations in Newtown, Pa.; Akron, Ohio; Goodyear, Ariz.; and Horizon City, Texas; and four buildings on its Sunnyvale, Calif., campus, which will cut 2000 jobs. By the end of 2014, 2000 positions in the Information Systems & Global Solutions (IS&GS), Mission Systems and Training (MST), and Space Systems business areas will be...Read full article

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    Published: November 2013
    AmericasBusinessclosureconsolidationcut overheaddefenseEmploymentInformation Systems & Global SolutionsIS&GSjob cutslight speedLockheed MartinLockheed Martin Space SystemsMarillyn HewsonMission Systems and TrainingMSTOpticsreduce costsTest & MeasurementworkforceLasers

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