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Capital Business
Posted at 08:23 AM ET, 02/05/2013

Lockheed Martin offering voluntary layoffs in IT business

Lockheed Martin’s Gaithersburg-based information systems unit is offering a voluntary layoff program for a “select group” of mid-level managers.

The move comes as defense contractors are struggling to show growth in their information technology businesses. Falls Church-based competitor General Dynamics, for instance, said last month it was devaluing its information technology business by $2 billion in response to falling government demand.

In a memo issued by Lockheed last week and obtained by Dice, a technology job board, Patricia L. Lewis, vice president for human resources in Lockheed’s information systems and global solutions business, said certain employees within sectors including the transportation solutions and defense businesses are eligible.

According to the memo, employees can nominate themselves until Feb. 28. They will learn March 8 whether they’ve been accepted, and the separation date is March 22.

Lockheed spokeswoman Nettie Johnson said the company expects to reduce its workforce by about 300 to 350 employees.

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  |  08:23 AM ET, 02/05/2013

 
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