Lockheed Confirms Layoff Plans: Lockheed Corp., looking...
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From Times Staff and Wire Reports
Lockheed Confirms Layoff Plans: Lockheed Corp., looking to cut costs, has confirmed plans to lay off 500 white-collar employees at its shrinking Marietta, Ga., plant. The layoffs, which will come by the end of June, will include staff in engineering, finance and information systems, said Richard Martin, spokesman for Lockheed Aeronautical Systems Co.-Georgia. By the end of December, Lockheed projects employment at Marietta of 9,000, down from 20,357 in December, 1987.
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