FORT WORTH, Texas (AP) — Lockheed Martin Corp. is laying off 540 employees in plane-making operations in Texas, Georgia and California.
The company said Monday it expected most of the affected workers to leave by year-end.
The layoffs are part of a move announced in June to eliminate 1,500 jobs in the aeronautics business as Lockheed cut costs in response to pressure to limit U.S. defense spending.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
