AEROSPACE - Los Angeles Times
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AEROSPACE

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From Times Staff and Wire Reports

Lockheed Corp. to Cut 2,000 Jobs: The aerospace concern said its aeronautical systems unit will make the cuts by the end of 1995, reflecting further phaseouts of Pentagon programs that had been its mainstays. The cuts, scheduled to begin this summer, amount to about 17% of the unit’s work force and about 2.5% of parent Lockheed’s 83,500 employees. It will be the largest staff reduction at the unit since it eliminated half its work force in 1989, when the C-5 military cargo plane ceased production, said Doug Oliver, a Lockheed spokesman. The cuts will be through both attrition and layoffs, he said.

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