Lockheed Martin cutting 4,000 jobs, closing plant

[unhappycamper]

http://www.daytondailynews.com/news/business/lockheed-martin-cutting-4000-jobs-closing-plant/nbsM5/



unhappycamper's illustration of the $243 million dollar Lockheed Martin F-35

Lockheed Martin cutting 4,000 jobs, closing plant
By Thomas Gnau
Posted: 9:07 p.m. Thursday, Nov. 14, 2013

Defense contractor Lockheed Martin said Thursday it will cut 4,000 jobs and close facilities, including its mission systems and training center in Akron.

Lockheed Martin said it will reduce its workforce “to increase the efficiency of its operations and improve the affordability of its products and services. These actions are in response to continued declines in U.S. government spending.”

By mid-2015, the company plans to close operations in Akron, Newtown, Pa.; Goodyear, Ariz.; and Horizon City, Texas; and four buildings on its Sunnyvale, Calif., campus.

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The job cuts follow recent warnings about the impact of sequestration on defense spending. In a recent exclusive interview with this newspaper, Acting Secretary of the Air Force Eric Fanning said recently the federal budgetary sequestration may mean a smaller Air Force. “The military is too big for the budget so we’ll have to reshape, resize,” he said.