eye-3-yellow-3d-2-new-logo philly_kyw_new philly_94wip_new 35h_cbssportsrad_philly philly_wpht_new

Local

240 Employees Face Layoffs At Lockheed Martin’s Moorestown Plant

View Comments
(Credit: lockheedmartin.com)

(Credit: lockheedmartin.com)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

MOORESTOWN, N.J., (CBS) – Lockheed Martin is laying off 240 employees at their plant in Burlington County.

The employees were notified on Nov. 6 at Lockheed Martin’s plant in Moorestown.

A spokesperson for Lockeed Martin says the cutbacks are part of a nationwide layoff of 587 workers in the Mission Systems and Training (MST) business area.

Most of the employees will work their last shift on Nov. 20. at the Moorestown plant.

The spokesperson says the layoffs are necessary to address continuing challenges in their business environment, including continued uncertain program funding, delays in contract awards and an extremely competitive market.

View Comments
Follow

Get every new post delivered to your Inbox.

Join 31,865 other followers