Tue, Sep 27, 2011
Sites In Texas, Georgia, California See Greatest Impact
Lockheed Martin announced Monday
there will be approximately 540 reductions in employment across its
Aeronautics business area as part of a plan to trim the
organization and improve operational efficiency. The greatest
impacts are occurring at the larger sites in Fort Worth, TX,
Marietta, GA, and Palmdale, CA. Lockheed Martin currently has more
than 28,000 employees at its principal Aeronautics sites in Texas,
Georgia and California and at six smaller locations in as many
states. Affected employees are expected to depart the company by
the end of the year.
Ralph D. Heath, executive vice president, Lockheed Martin
Aeronautics, said, "These reductions are part of Aeronautics' plan
to realign the organization, enabling us to meet the requirements
of our customers. While this is a difficult decision, we're
committed to conducting this process in a fair and responsible
manner that treats affected individuals with respect and that does
not disrupt the important business we do for our military service
customers."
In June, the company announced a target reduction of
approximately 1,500 positions by year-end. In August, Lockheed
Martin offered eligible salaried employees an opportunity for a
voluntary layoff to minimize the number of involuntary layoffs.
More than 450 employees applied for and were approved for voluntary
layoff. We also achieved reductions by eliminating about 300 open
positions. Earlier this year, we announced approximately 300
positions in our Sustainment Services organization would be
eliminated - those layoffs are included in our target reduction of
1,500 positions.
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