More jobs lost as Marietta plant cuts production costs

Lockheed Martin Aeronautics has announced that it is going to be shedding another 675 jobs at its Marietta plant in a move to further reduce the non-recurring costs of C-130J Hercules and F-22 Raptor production.

The job losses are the result of the company deciding to outsource fabrication of small machined parts, which it claims will produce savings of $25 million a year.

This latest round of job cuts comes in the wake of the announcement in June 1999 of 2,000 lay-offs, and in January last year of another 800. The job losses are the result of the merger of Marietta's activities with Lockheed Martin's Fort Worth and Palmdale plants. Employment at the Georgia plant will shrink to 6,000 by mid-2002.

Source: Flight International