Wed, Jun 15, 2011
Middle Management To Be Reduced By 25 Percent
Lockheed Martin Space Systems Company, which is a major
business area of the Lockheed Martin Corporation, announced
employment reductions Tuesday that are designed to "address
affordability and improve its competitive posture."
Space Systems, which currently employs approximately 16,000
employees in 12 states, will implement a broad-based workforce
reduction of roughly 1,200 employees by year-end. It is anticipated
that middle management will be reduced by 25 percent, with
significantly smaller percentage impacts in other levels and
disciplines.
Operations across the country will be affected, with the largest
impact expected at the company's sites in Sunnyvale, CA, the
Delaware Valley region of Pennsylvania, and Denver, CO, where
several of the company's major programs are transitioning out of
development.
Joanne Maguire, executive vice president, Lockheed Martin Space
Systems, said, "In today's economic environment, we have two
choices: make painful decisions now or pay a greater price down the
road. This is a difficult but necessary action to improve
efficiencies and make our business more competitive going forward.
We will remain relentlessly focused on achieving operational
excellence and mission success for our customers as we position to
deliver more affordably in the future."
Space Systems will offer eligible salaried employees an
opportunity for a voluntary layoff to minimize the number of
involuntary layoffs that will occur. The company also will provide
career transition support to those affected by this workforce
reduction.
More News
Inversion to Launch Reentry Vehicle Demonstrator Aboard SpaceX Falcon 9 This fall, the aerospace startup Inversion is set to launch its Ray reentry demonstrator capsule aboard Spac>[...]
"We are excited to accelerate the adoption of electric aviation technology and further our journey towards a sustainable future. The agreement with magniX underscores our commitmen>[...]
"The journey to this achievement started nearly a decade ago when a freshly commissioned Gentry, driven by a fascination with new technologies and a desire to contribute significan>[...]
Aero Linx: OX5 Aviation Pioneers Each year a national reunion of OX5 Aviation Pioneers is hosted by one of the Wings in the organization. The reunions attract much attention as man>[...]
"Our driven and innovative team of military and civilian Airmen delivers combat power daily, ensuring our nation is ready today and tomorrow." Source: General Duke Richardson, AFMC>[...]