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Yahoo! Inc. (YHOO) Message Board

  • fishnman1973 fishnman1973 Dec 4, 2012 7:28 AM Flag

    Northrop Grumman to cut 200 jobs

    Dec 3, 2012 - Citing proposed cuts to Pentagon spending, aerospace giant Northrop Grumman Corp. revealed plans to eliminate about 200 positions in Woodland Hills and Salt Lake City by March 2013.

    "This workforce reduction action is regrettable, but unavoidable," said Gina Piellusch, a Northrop spokeswoman. "These reductions — which are intended to reduce infrastructure costs and improve overall affordability — are in response to continuing economic uncertainties and defense budget cuts and are critical to continued business success in the increasingly competitive aerospace and defense industry."

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