I heard that Lockheed's continued cost cutting (health care, benefits, pension, salary raises, training, gym membership, etc) is driving out their top talent, which has been having an effect on performance with their top programs like the F-35. Anyone else hear this?
Bullcorn! Lockheed pays well and has flexible work hours. There will always be whiners and complainers but the fact is Lockheed treats its people well. I can't believe folks whine about losing the gym membership. When did that become Lockheed's responsibility? And they don't mention that if they get in the healthmiles program they can get up to $600 in their health savings account which more than makes up for the $250 gym reimbursement.
Companies should be concerned about enployees' health. It impacts premiums they pay due to unhealthy overworked employees (ultimately their bottom line & shareholders' rewards). Flex hours now means making up doctors' and dentist appointments, car appointments, etc (i.e., no personal business hours anymore), and also taking on more work due to unnecessary workforce reductions, making employees work extra hours for no pay. And for pay, raises have been 0 to 1.5% for years now. When you look at LM's recent performance on major programs, you have to believe their top talent's had enough and moved on to greener pastures.