
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, April 28, 1990                   TAG: 9004280140
SECTION: BUSINESS                    PAGE: A7   EDITION: METRO 
SOURCE: 
DATELINE: LOS ANGELES                                LENGTH: Short

GE, LOCKHEED SUBSIDIARIES GEAR FOR BIG LAYOFFS

Bowing to the continued pressures of Defense Department budget cuts, subsidiaries of General Electric Co. and Lockheed Corp. both said Friday they would eliminate thousands of jobs through layoffs and attrition.

GE Aerospace, based in Valley Forge, Pa., said it would cut 4,200 jobs in the next 2 1/2 years in Binghampton, Syracuse and Utica, N.Y., and Camden and Moorestown, N.J.

About 2,000 of the cuts will come from retirements and attrition.

GE Aerospace said reducing its work force would make the company more competitive in an era of tightened military budgets.

In Burbank, Calif., Lockheed Aeronautical Systems Co. said it would lay off about 2,750 workers in California and Georgia by the end of June.

The announcements came one day after Defense Secretary Dick Cheney proposed large reductions in the development and production of new warplanes.

Also Thursday, McDonnell Douglas Corp. said it would eliminate 3,000 jobs at its Douglas Aircraft plant in Long Beach, Calif.

- The New York Times

by CNB