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Lockheed Martin to Cut 1200 Jobs

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Lockheed Martin to cut 1200 jobs. I think this is a start up of a new crisis. I believe that there is a relation between Lockheed Martins and Qantas decision. Both of them cut the jobs. Even worse, Qantas delays its flight because they couldn’t afford oil for their planes.

DENVER — Aerospace and defense contractor Lockheed Martin Corp. plans to cut 1,200 employees in its space systems equipment division. The company said Tuesday that the cuts will be nationwide in America and trim the division’s 16,000-person workforce by nearly 8 percent. The company said middle management will be reduced by 25 percent.

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Written by ardinusw

June 15, 2011 at 10:11 am

Posted in Int'l Politics

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