Ailing Lockheed Martin cuts 2,800 jobs

2000-02-01T00:00:00

Lockheed Martin has streamlined its aeronautical and space systems businesses and is to eliminate more than 2,800 jobs in a bid to reduce costs by $200 million a year. The US giant saw net profit drop 62% to $382 million last year. It hopes the restructuring will help improve performance. ...

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