Northrop Grumman Layoffs Job Cut: fires 750 employees: Finance Trading Times

Northrop Grumman Layoffs Job Cut: fires 750 employees

The news is not good for the employees of Northrop Grumman. The aerospace company has decided to go for layoffs as a result of merger of its aircraft manufacturing unit in El Segundo with a unit in Redondo Beach that makes satellitesplant closure decision. The recession is taking a toll on all sectors and even the aerospace companies are feeling the heat. The latest additon to the list of organization which may go for layoffs is the Northrop Grumman. Northrop Grumman Layoffs

How many employees may be fired in the Northrop Grumman layoffs?
There will be around 750 layoffs, as per the reports that have come. This is around 3% of the total employees.

What is the total no. of employees of Northrop Grumman?
Total No. of employees of Northrop Grumman is 24,000, which includes employees of both the units. Also, The company is the second-largest U.S. military contractor with more than 120,000 employees worldwide.

Which locations will be affected by the Northrop Grumman layoffs?
No info is available location wise.

When will the Northrop Grumman layoffs happen?
No confirm dates for the layoffs, but it is learnt that the notification for layoffs will be sent in April.

How much savings can be made by the company from the layoffs?
No details available about that.

What is the primary reasons for Northrop Grumman layoffs?
Major reason is because the aerospace company consolidates administrative staffs at two units in Southern California.

Any other news about Northrop Grumman layoffs
As per IHT, The company's work force will likely expand soon because the combined unit has more than 850 open positions for skilled, technical jobs in engineering and manufacturing, said Northrop spokesman Dan McClain.
Let's hope that alternative jobs are available to the affected employees of Northrop Grumman Layoffs Job Cut
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