Comment on Northrop Grumman to cut 500 aerospace jobs

Northrop Grumman to cut 500 aerospace jobs

Northrop is offering buyouts but plans layoffs if fewer than 500 people volunteer to leave before Oct. 28. The aerospace industry has been downsizing in anticipation of a smaller Pentagon budget.In another blow to Southern California's defense industry, aerospace giant Northrop Grumman Corp. said it is cutting 500 jobs in its aerospace division in anticipation of a slowdown in Pentagon spending.

 

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