Layoffs At Northrop Grumman

Northrop Grumman Corp (NYSE: NOC) is eliminating 150 high-tech job at its Apopka laser systems facility; nearly 14 percent of the work force there, reports the Orlando Sentinel. Many of the workers involved already have taken voluntary buyouts. The remaining 90 will be terminated in March. The layoffs are attributed to Defense Department budget cuts. NOC has been trending upward for most of the last six months.

BING NEWS:
  • Northrop Grumman Offers Voluntary Layoffs
    Northrop Grumman Corp. officials have asked employees at the company’s Aerospace Systems sector to participate in a voluntary “reduction-in-force program” to cut costs. Employees across the sector are eligible for the voluntary layoffs, announced to ...
    09/15/2013 - 4:56 pm | View Link
  • Northrop Grumman offers voluntary layoffs at aerospace sector
    Northrop Grumman Corp. has asked employees at its Aerospace Systems sector to participate in a voluntary “reduction-in-force program” to cut costs. Employees across the sector are eligible for the voluntary layoffs, which was announced to workers last ...
    09/11/2013 - 8:19 am | View Link
  • Northrop Grumman announces layoffs in Md., Va.
    Northrop Grumman on Wednesday notified about 60 people, primarily in Maryland and Virginia, in its electronics systems segment that they will be out of jobs at the end of the month. In October, the aerospace and defense contractor announced it was cutting ...
    02/12/2013 - 11:00 am | View Link
  • Some Northrop workers get notice of layoffs, possible furloughs
    Northrop Grumman Technical Services has given notice to 293 employees in Suffolk, Va. that they could be laid off starting April 26, according to an April 7 report in the Virginian-Pilot newspaper. The majority of the workers affected provide support for ...
    04/12/2011 - 6:34 am | View Link
  • Gene Taylor: Northrop Grumman layoffs could have been avoided
    PASCAGOULA, Miss. -- Layoffs at Northrop Grumman Shipbuilding never should have happened, and some Navy officials feel Northrop drove up contract prices to increase the value of the yard ahead of a possible sale, U.S. Rep. Gene Taylor, D-Bay St. Louis, said.
    09/9/2010 - 7:15 pm | View Link
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