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Taxpayers must pay the freight for over-budget train projects
Topic - Marillyn A. Hewson
Lockheed Martin, headquartered in Bethesda, Md., will reduce its workforce by 4,000 positions and consolidate many of its facilities, the global security and aerospace company said Thursday.
Lockheed Martin, headquartered in Bethesda, has trimmed the number of employees who will be furloughed from 3,000 to 2,400 because of the government shutdown, the global security and aerospace said Monday.
Lockheed Martin, headquartered in Bethesda, has identified approximately 3,000 employees who will be furloughed on Monday because of the government shutdown, the global security and aerospace company said Friday.
Lockheed Martin Corp. has ousted its president and future CEO over a relationship with a subordinate.
"I'm disappointed that we must take these actions and we continue to encourage our lawmakers to come together to pass a funding bill that will end this shutdown," Lockheed Martin CEO and President Marillyn A. Hewson said in a company statement.
"In an effort to minimize the impact of our employees, we are directing affected employees to use available vacation time so they can continue to receive their pay and benefits," she said. "We hope that Congress and the administration are able to resolve this situation as soon as possible."