Lockheed Martin prepare to lay off workers
Oct 07, 2013 | 01:21 PM
| Frank Haflich
LOS ANGELES Lockheed Martin Corp. was preparing to lay off about 3,000 employees Oct. 7 "as a result of the government shutdown," although developments over the weekend at another big aerospace manufacturer indicates the industry may be tempering its initial cutback plans.
The Bethesda, Md.-based aerospace and defense company said Oct. 4 that the number of affected employees will "increase weekly in the event of a prolonged shutdown," including those who are unable to work because the government facility where they work is closed, as well as those whose work requires a government inspection that cannot be completed.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.