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Lockheed Martin job cuts spare Oldsmar facility

The Oldsmar complex of defense contractor Lockheed Martin is being spared from a corporate downsizing announced Thursday.

Faced with reduced government spending, Lockheed Martin is cutting 4,000 jobs, or about 3.5 percent of its workforce. A half-dozen plants from California to Pennsylvania are affected by the decision. Some work will be shifted to facilities in Denver and Valley Forge, Pa., and sites in Orlando and Oswego, N.Y., may also benefit from relocated programs, Lockheed said.

Company spokesman Keith Little said there is no immediate impact in Oldsmar. Nearly 500 employees currently work at the complex, part of its mission systems and training division, which manufactures and assembles parts for military and commercial equipment.

Since 2008, Lockheed Martin has cut its workforce from 146,000 to 116,000.

Lockheed Martin job cuts spare Oldsmar facility 11/14/13 [Last modified: Thursday, November 14, 2013 5:58pm]
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