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Capital Business
Posted at 03:37 PM ET, 03/18/2013

Lockheed cutting nearly 250 mid-level managers

Bethesda-based Lockheed Martin said Monday that nearly 250 employees will depart after accepting voluntary layoff offers.

The contractor’s Gaithersburg-based information systems unit offered the initiative to about 4,000 mid-level managers in February. The company said this week that 260 employees offered to leave and 243 were approved.

All of the employees who applied were notified whether or not they were accepted by March 8; accepted employees are slated to depart on March 22.

“We are not planning additional layoffs at this time, though we will continue to evaluate our workforce needs given today’s budget environment,” a company spokeswoman said in a statement.

The layoff program was just the most recent move among government contractors to trim their workforces as government spending declines.

At the time of the announcement, Lockheed said in a statement that the “reduction in force is designed to best position the business to remain competitive and operationally efficient, providing the most affordable solutions to our customers.”

By  |  03:37 PM ET, 03/18/2013

 
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