Lockheed to cut 600 jobs, says cuts not linked to government shutdown
AFPNEW YORK--Defense contractor Lockheed Martin said Thursday it will lay off 600 U.S. workers in its missions systems and training business, in a move not linked to the government shutdown.
October 19, 2013, 12:42 am TWN
“This action is necessary to address continuing challenges in our business environment, including continued uncertain program funding, delays in contract awards and an extremely competitive market,” the company said in an email to AFP.
“While the government shutdown did impact our business this action is independent from that event.”
The defense and aerospace giant had put about 2,400 employees on leave without pay after a bitterly divided Congress failed to fund the 2014 fiscal year that began Oct. 1.