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Defense
Boeing | To cut 30 percent of management jobs
Boeing Co said on Wednesday it will restructure its defense, space and security business and cut 30 percent of management jobs from 2010 levels as part of a broad cost-cutting drive. Boeing, the Pentagon’s second-largest supplier, said it also will close some facilities in California and consolidate several business units in an effort to trim … Continue reading
Lockheed’s warning of possible layoffs
Lockheed Martin is among a group of defense contractors who say that federal and state law would require them to tell hundreds of thousands of employees they could lose their jobs should the Obama administration and Congress fail to avert automatic defense reductions of $500 billion over a decade, starting Jan. 2… via Lockheed’s warning … Continue reading
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