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Lockheed Martin Eliminates 130 New Jersey Jobs

Area Development Online News Desk (04/21/2010)
Lockheed Martin's Maritime Systems and Sensors unit laid off 472 people yesterday, including 130 in Moorestown, New Jersey, according to a unit spokesperson. Seventy-three of those 130 were part of the Association of Scientists and Professional Engineering Personnel union.

The company initiated the layoffs "to bring our staffing levels into line with the current and future workloads and to make our products more affordable in this difficult economic environment," said unit spokesperson Bruce Yost.

The defense contractor, based in Bethesda, Maryland, announced the layoffs in January. The unit planned to reduce its work force by 1,200 employees, but ultimately cut fewer than 1,000 positions.

Lockheed Martin now employs approximately 4,300 people in Moorestown.

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