Lockheed Martin Eliminates 130 New Jersey Jobs
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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