Lockheed Martin to Cut 1200 Jobs

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.

Related articles

• Lockheed Martin cutting 7.5% of space systems jobs (marketwatch.com)
• Lockheed Martin’s space business to cut 1,200 jobs (seattletimes.nwsource.com)
• Lockheed Martin To Cut 1,200 Jobs (huffingtonpost.com)
• Lockheed Martin’s space business to cut 1,200 jobs (seattlepi.com)

Qantas Delays Indicate Crisis

What do you think if the Australia’s biggest carrier, Qantas, delays and cancels its flights?

June 15 (Bloomberg) — Qantas Airways Ltd., Australia’s biggest carrier, canceled or delayed orders for 12 single-aisle planes as rising oil prices and job cuts sap demand for flights.

I think this is a warning for Australia’s crisis. The oil price is rising and there is also rise on job cuts demand are just a simple indicator that there is something wring in Australia.

Related articles

• Qantas, Virgin Australia Halt Perth, New Zealand Flights on Ash (businessweek.com)
• Volcanic Ash Disrupts Air Travel Across Southern Hemisphere (businessweek.com)
• Qantas Cancels Additional Flights Amid Volcanic Ash Disruption (businessweek.com)
• Flights canceled in Australia and New Zealand due to volcanic ash from Chile (americablog.com)