Lockheed Martin to Eliminate 750 Jobs

Lockheed Martin is expected to eliminate as many as 750 jobs, according to various reports. The job cuts are reportedly a result of the federal government’s decision to cancel a contract with the company.
The job losses will be centralized in a Lockheed Martin plant in the state of New York. The plant was responsible for manufacturing the helicopters used by the President of the United States. However, with that contract now canceled, the company will now have to cut the workers.
In total, about 25% of the workers in the New York plant, which is located in the city of Owego, …read more