Lockheed to cut 1,200 jobs

OWEGO - Lockheed Martin will cut 1,200 jobs from its new Mission Systems & Sensors unit, using critical skills needed to grow the business and individuals' job performance as a guide, spokesman Thomas Greer said.

The company told employees Wednesday that those who will lose their jobs will be notified by early April. The layoffs will take effect sometime after that, to comply with state and federal notification regulations.

It's unclear at this point how many employees at Lockheed's Owego plant will be laid off as the company looks to increase overall efficiency, performance, competitiveness and affordability across the MS2 business, Greer said. The local facility has about 3,000 employees; it is one of the larger operations within MS2.

By My-Ly Nguyen •mnguyen@gannett.com • January 6, 2010, 1:28 pm