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Lockheed cuts more jobs from its F-16 line
August 31, 2005 (by
Lieven Dewitte) -
Lockheed Martin Aeronautics Co. will continue to reduce the number of workers employed in its F-16 Fighting Falcon program. through 2006, the company said Tuesday.
Layoff notices with 60-day advance warnings were delivered to about 60 workers at the Fort Worth assembly plant Monday and notices were posted in F-16 work areas indicating that more cuts are likely next year.
If that happens, 2006 would be the third straight year that Lockheed has cut jobs, primarily F-16 workers.
Including the latest round, Lockheed will have cut about 950 positions from the F-16 program this year, close to the 1,000 the company announced in January that it planned to eliminate.
Lockheed cut about 800 jobs from the F-16 program in 2004. The company added workers early in the decade as it boosted F-16 production from about two dozen planes a year to 62 in 2003 and 83 in 2004. About 70 planes are to be delivered this year.
With few new F-16 orders and a two- to three-year lead time on parts production, Lockheed has been able to cut employment on the manufacturing side while meeting its delivery schedules.
In a letter given to F-16 workers Monday, June Shrewsbury, vice president of the F-16 program, said Lockheed expects to gain 100 to 200 more orders and that "the F-16 program is alive and well."
There would be additional employment reductions, the letter suggested, as Lockheed works to keep costs down and the price of the F-16 affordable for potential buyers.
Related article:
If that happens, 2006 would be the third straight year that Lockheed has cut jobs, primarily F-16 workers.
Including the latest round, Lockheed will have cut about 950 positions from the F-16 program this year, close to the 1,000 the company announced in January that it planned to eliminate.
Lockheed cut about 800 jobs from the F-16 program in 2004. The company added workers early in the decade as it boosted F-16 production from about two dozen planes a year to 62 in 2003 and 83 in 2004. About 70 planes are to be delivered this year.
With few new F-16 orders and a two- to three-year lead time on parts production, Lockheed has been able to cut employment on the manufacturing side while meeting its delivery schedules.
In a letter given to F-16 workers Monday, June Shrewsbury, vice president of the F-16 program, said Lockheed expects to gain 100 to 200 more orders and that "the F-16 program is alive and well."
There would be additional employment reductions, the letter suggested, as Lockheed works to keep costs down and the price of the F-16 affordable for potential buyers.
Related article:
- Lockheed hands out layoff notices to F-16 workers - Thursday, January 20, 2005
- Lockheed may cut jobs in Fort Worth - Tuesday, April 06, 2004
- Lockheed to cut F-16 workforce - Thursday, January 15, 2004
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