Lockheed Martin Space Systems To Pink-Slip 1,200 Employees | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 04.21.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.21.14 **
** Airborne 04.18.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.18.14 **
** Airborne 04.16.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.16.14 **

Wed, Jun 15, 2011

Lockheed Martin Space Systems To Pink-Slip 1,200 Employees

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.

FMI: www.lockheedmartin.com

Advertisement

More News

Airborne 04.21.14: Blue Angel Troubles, 8000th B737, Chelton/S-TEC Acquired

Also: Canadian CFI Fired After CNN Appearances, Forecast Says More UAVs, Funny Flt Attendant AVW, Avidyne/Trego-Dugan... It would be harder to find a more respected Military leader>[...]

Airborne 04.18.14: SpaceX's Historic Pad, Sikorsky Going Presidential?, EAA B17

Also: Airmen Support Pilot's Son, Beyond The Blue!, More Wrong-Way SWA Fallout, Missing WWII Airman Comes Home NASA signed an agreement with Space Exploration Technologies Corporat>[...]

Airborne 04.21.14: Blue Angel Troubles, 8000th B737, Chelton/S-TEC Acquired

Also: Canadian CFI Fired After CNN Appearances, Forecast Says More UAVs, Funny Flt Attendant AVW, Avidyne/Trego-Dugan, Weird Georgia Military Lawsuit--Over Flightsuits, etc... It w>[...]

Goodyear Reveals Ten Finalists For Name The Blimp Contest

Nearly 15,000 Unique Entries Received By The Tiremaker For Its New Icon After receiving nearly 15,000 unique submissions for its national "Name the Blimp" contest, The Goodyear Tir>[...]

ANN's Daily Aero-Linx (04.22.14)

American Association of Airport Executives Founded in 1928, AAAE is the world's largest professional organization for airport executives, representing thousands of airport manageme>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC