Lockheed Martin prepare to lay off workers

Oct 07, 2013 | 01:21 PM | Frank Haflich

Tags  Lockheed Martin, layoffs, government shutdown, aerospace, Marillyn A. Hewson, United Technologies, Defense Contract Management Agency, titanium RTI International

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.....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results

AMM Events