Voluntary layoffs at Lockheed to cope with budget cuts

03/19/2013 | Reuters

Lockheed Martin has accepted voluntary buyouts from 243 midlevel managers, and says that while it's not planning further cuts, it will continue to scrutinize staffing levels. The managers at the firm's information systems and global solutions division will receive severance packages as part of the voluntary layoff, which was offered to 4,000 employees.

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