|
|
Article: Lockheed Martin Slashes Jobs - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- August 18, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
|
Lockheed Martin Slashes Jobs - Analyst Blog
Lockheed Martin Space Systems Co., one of the four key operating units of
Lockheed Martin Corp.
(
LMT
), will downsize its employee base to boost competitive position and profitability.
By the end of this year, the Space Systems division will retrench around 800 personnel, approximately 4.5% of the overall headcount, across all levels and disciplines, largely at its Denver and Sunnyvale, California plants. This is aside from the downsizing that is underway at the unit’s Michoud Operations in New Orleans.
Space Systems ...