Lockheed Martin to furlough 3,000 workers due to shutdown
Source: CNN
Lockheed Martin became the latest government contractor to announce furloughs due to the federal government shutdown. The defense contractor said it will furlough 3,000 workers starting Monday, Oct. 7.
"I'm disappointed that we must take these actions, and we continue to encourage our lawmakers to come together to pass a funding bill that will end this shutdown," said CEO Marillyn A. Hewson. She said that workers would be allowed to use vacation time if they have it available so that their pay and benefits would not be affected.
Lockheed Martin has 120,000 employees, 95% of whom are based in the United States. Its contracts with the federal government accounted for nearly $39 billion in 2012, which represented more than 80% of its overall revenue.
Earlier this week United Technologies announced 2,000 of its workers will likely be furloughed starting next week. Those affected make Black Hawk helicopters through its Sikorsky Aircraft subsidiary, as well as aircraft control systems and a variety of other high-tech products. United Technologies said furloughs could grow to 4,000 if the shutdown continues through next week, and 5,000 if it goes into next month.
Read more: http://money.cnn.com/2013/10/04/news/companies/lockheed-furlough-shutdown/
= new reply since forum marked as read
And save the same amount of money.
Silly me, what am I thinking? 
It's more important to make a political statement and impact the maximum
number of people than it is to actually save the money.
Mind you, if Lockheed hadn't been sucking quite so hard on the government teat
then there might have been more left for everyone else ...
