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Lockheed Martin Plans New Round of Voluntary Staff Reductions

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Similar to a move it made a year ago, Lockheed Martin [LMT] yesterday announced a voluntary layoff program for its corporate headquarters and related enterprise business support staff in an effort to realign its corporate staff with the needs of its Aeronautics and Space Systems sectors, which are thinning their employee ranks, and to reduce costs. Last July, Lockheed Martin announced a voluntary separation program for its executive ranks, which resulted in 600 of the company’s leaders taking the severance…

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