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Keyword: lokcheedmartin

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  • At White House Request, Lockheed Martin Drops Plan to Issue Layoff Notices

    10/02/2012 9:00:00 AM PDT · by castowell · 67 replies
    ABCNews.com ^ | October 2, 2012 | Mary Bruce and Jake Tapper
    Defense contractor Lockheed Martin heeded a request from the White House today — one with political overtones — and announced it will not issue layoff notices to thousands of employees just days before the November presidential election. Lockheed, one of the biggest employers in the key battleground state of Virginia, previously warned it would have to issue notices to employees, required by law, due to looming defense cuts set to begin to take effect after Jan. 2 because of the failure of the Joint Select Committee on Deficit Reduction — the so-called Super-committee, which was created to find a way...