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Lockheed Martin announces voluntary layoff program

BETHESDA – Lockheed Martin has announced a voluntary layoff program for about 6,500 U.S.-based employees.

The program, announced Tuesday, will be offered to salaried employees in the corporate headquarters and enterprise business services organizations. About 2,000 of those are based in the D.C. area.

The Washington Post says the severance package offers two weeks wages and another week of pay for each year of service, up to 26 weeks. The employees who accept the package would leave the company in the fall.

Lockheed is the world’s largest defense contractor.

3 comments

  1. Oh boy, we are in for it big. I have a gut feeling, we have only seen the tip of the ice-berg. I don’t mean to be a scare monger but I have never experienced things that are happening today in my 50 years. San Fransisco is laying off 40% of their court staff. These used to be secure jobs, it is a new dawn.

  2. Wow. Great editing.

  3. Kate – Thanks for catching the typos.