Lockheed Martin announced on Friday that it will layoff employees from it’s Greenville location after the Air Force ended a contract with the company.
The U.S. Air Force ended its F-16 Depot Sustainment Program with Lockheed Martin in late April. The $900 million contract for the 10-year program provided depot facilities and maintenance for the F-16 aircraft in Greenville. It began in 2020 and was not renewed after five years.
The company announced that they will be cutting 10% of their workforce in Greenville.
The company did not give a specific number of jobs that would be cut, however Lockheed Martin said in 2024 that the Greenville facility employed more than 1,800 people.
The number of jobs lost would likely be in the range of 180.
“As a result of the Air Force’s decision not to extend the F-16 CONUS Depot contract, and to meet our customers’ needs for affordability in a cost-competitive environment, we made the difficult decision to conduct a limited reduction in force at our Greenville site,” Lockheed Martin said in a statement. “This decision was made with a great deal of consideration and careful evaluation, and we’re committed to supporting affected employees with outplacement services and career counseling.”
Source – https://www.yahoo.com/news/lockheed-martin-announces-greenville-layoffs-222732789.html