Lockheed Martin space unit to cut about 1,200 jobs

[OhioChick]

Source: Reuters

15 Jun, 2011, 01.04AM IST,Reuters

ATLANTA: Lockheed Martin Corp's space systems unit said on Tuesday it would cut 1,200 workers, or about 7.5 percent of the division's total workforce, by year's end to reduce costs and improve its competitive standing.

The company said operations across the United States would be affected by the job cuts, with the largest impact seen in Sunnyvale, California; the Delaware Valley region of Pennsylvania; and Denver, where several major programs are moving out of development.

Lockheed said some salaried workers would be offered voluntary layoffs to minimize the number of involuntary layoffs that will occur. Middle management at the space systems business will likely be reduced by 25 percent with the moves, the company added.

The space division employs about 16,000 US workers. Lockheed overall has about 126,000 workers worldwide.

Read more: http://economictimes.indiatimes.com/news/international-business/lockheed-martin-space-unit-to-cut-about-1200-jobs/articleshow/8855965.cms

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Job cuts only coming from the US and not worldwide?

[KG]

1. brazillions in profits just not quite enough it seems.

[SoapBox]

2. Playing games with America? And, Mr. Boehner, WHERE ARE THE JOBS!

Show us, Sir Bone of Orange.

[christx30]

3. I guess when they cut the shuttle program

the jobs went with it.
we need a revitalization in the space program. make it less Humdrum and more WOW. Like the old days in the Gemini and Apollo missions.

[defendandprotect]

4. Booming MIC -- quadrupled by Reagan ... and doubled again by Bush ....

two wars over ten years --

proving that lay-offs have nothing to do with anything except as the first step

to the next step in picking up cheap labor!!

[Arctic Dave]

5. Good, we have more then enough spy satellites.

Who's next?

[kath]

6. And Obama thinks we should train 10,000 more engineers per year.

Jeebus H. Christ.

[Javaman]

7. Competitve standing? they are one of the largest manufacturers of

military hardware in the world.

They should just cut the bs and tell us the truth, they are cutting these folks to put more money in the boards pockets.

[Warrior Dash]

8. Not good...

I would much rather see them cut their military units.