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Lockheed Martin offers buyouts to 6,500 employees

Lockheed Martin offers buyouts to 6,500 employees
By Marjorie Censer, Published: July 19

Bethesda-based Lockheed Martin said Tuesday that it is offering a voluntary layoff program for about 6,500 U.S.-based employees, the latest in a string of recent moves to cut jobs at the company.

The news comes as the Pentagon continues to push for savings from contractors.

The initiative offers a severance package to all U.S.-based, salaried employees who report to Lockheed’s corporate headquarters or internal business services organization. The internal unit of about 5,000 employees handles areas such as payroll and information technology for the company.

About 2,000 of the eligible employees are based in the D.C. area, 1,300 are based in Florida offices — in Orlando and Lakeland — and more than 700 are in Denver, according to company spokeswoman Jennifer Whitlow. A Fort Worth site has about 500 eligible employees, while a Valley Forge, Pa., office has about 300.

http://www.washingtonpost.com/business/capitalbusiness/shedding-jobs-lockheed-
martin-launches-another-buyout-program/2011/07/19/gIQAVQVMOI_story.html

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