U.S.

May 29, 2012

News Briefs May 29, 2012

Lockheed Martin brings in replacement workers

Lockheed Martin is putting temporary workers on its Fort Worth, Texas, aircraft assembly plant to replace striking Machinists’ union members.

The Fort Worth Star-Telegram reports the announcement came in a memo from Larry Lawson, Lockheed’s aeronautics division executive vice president. He says Lockheed must, in his words, “sustain our business rhythm and continue to meet our commitments.”

Lockheed spokesman Joe Stout wouldn’t say how many replacement workers were brought in May 24 but says it’s a small group that will likely increase. He added that they aren’t viewed as permanent replacements.

The strike by about 3,600 machinists is in its fifth week. A statement from the International Association of Machinists Local 776 says the move reflects its members’ resolve in fighting company proposals that would weaken pension and health care benefits. AP

 

Jet engine maker Pratt & Whitney cuts 300 U.S. jobs

Jet engine maker Pratt & Whitney is cutting 300 salaried jobs in the United States.

Spokesman Bryan Kidder said May 24 that orders for its geared turbofan engines are not expected until 2014 or 2015 and some military programs are ending.

Kidder says the job cuts represent 1 percent of the global workforce of the United Technologies Corp. subsidiary.

David Hess, president of Pratt & Whitney, told reporters May 2 that sales are expected to double to $24 billion by the end of the decade. But the company must get through a tough few years as the military requires different engines for new fighter jets.

High fuel costs and the weak economic recovery also are pressuring airline customers.

Pratt & Whitney posted sales of $3.05 billion in the first quarter, up 6 percent. Profit slid 9 percent, to $389 million. AP




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