Sat, Jul 02, 2011
Says The Move Is "Bold And Necessary"
Lockheed Martin announced Thursday there will be reductions in
employment across its Aeronautics business area as part of a plan
to improve the affordability of its products and increase
operational efficiency. The company currently has about 28,000
employees at its principal Aeronautics sites in Texas, Georgia and
California and at six smaller locations in as many states.
Reductions may occur across the enterprise, with the greatest
impacts occurring at the larger sites. An organizational assessment
will determine how to trim the organization with a target reduction
of approximately 1,500 employees.
Ralph D. Heath, executive vice president, Lockheed Martin
Aeronautics, said, "Bold and responsible action is necessary to
meet customer expectations and reduce our costs. We are realigning
the organization to be more efficient and agile, and a reduction in
force will enable us to meet the requirements of our changing
"Lockheed Martin will offer eligible salaried employees an
opportunity for a voluntary layoff to minimize the number of
involuntary layoffs. We will use a disciplined process to review
every organization and position, considering all factors rather
than making arbitrary reductions. We expect the greatest impact to
be on employees in higher level labor grades. Employees eligible
for voluntary layoffs will be notified in August. An involuntary
reduction in force begins in mid-September."
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