Lockheed Martin offers voluntary layoff plan to 6500 employees

InternAdmin Contributor
Font Size:

Lockheed Martin Corp. (LMT), the world’s largest defense contractor, said it’s offering a voluntary separation plan to 6,500 employees at its headquarters and corporate service departments.

Those who choose to leave under the program will receive a “competitive severance package,” Bethesda, Maryland-based Lockheed said in a statement. “Based on the number of volunteers and budget considerations, the company will make a determination on the need for future involuntary reductions.”

Full story: Lockheed offers voluntary separation to 6,500 U.S. staff