Lockheed Martin to close Eagan plant, shed 1,000 jobs

11:32 PM, Nov 19, 2010   |    comments
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EAGAN, Minn. -- Lockheed Martin announced that it will close its facility in Eagan by 2013, a move that will cost 1,000 workers their jobs.

"Our workload has been dropping the past couple of years, and I rather like this place," said Tim Huie, one of the 1,000 workers. 

"It's going to be tough looking for work around the holidays," he added.

The decision was announced Thursday by the company's Mission Systems and Sensors (MS2) business.

Lockheed Martin says the layoffs will be partially offset by the transfer of approximately 650 jobs from Eagan to Owego, N.Y., San Diego, Calif.; and Manassas, Va.

Layoffs and transfers will begin in the first quarter of 2011 and play out over the next two years.

"In an era of increased affordability, it is essential we drive down costs and optimize capacity at our facilities nationwide," said Orlando P. Carvalho, President of MS2. "While these changes will result in layoffs in some locations, they will strengthen employment in others and provide efficiencies that make us more competitive. We estimate these actions are expected to save approximately $150 million over the next ten years."

Lockheed Martin is a global security company headquartered in Bethesda, Md., that employs about 133,000 people worldwide. The corporation's principal mission is to research, design, develop, manufacture, integrate and sustain  advanced technology systems, products and services.

2009 sales from continuing operations were $44.0 billion.

Minnesota Gov. Tim Pawlenty is suggesting "significant and innovative incentives" to save the Lockheed Martin Corp. plant in his hometown of Eagan.

The department Republican governor and potential presidential candidate wrote to Lockheed Martin CEO Robert Stevens on Thursday expressing disappointment about the plant closure.

Pawlenty is asking Stevens for a conversation about keeping the plant open. He says he also plans to encourage the next governor to consider recommending that lawmakers pass incentives to save the facility.

Pawlenty's private residence is in Eagan. Minnesota has an undecided governor's race, with Democrat Mark Dayton leading Republican Tom Emmer by more than 8,700 votes.

 

(Copyright 2010 by KARE. All Rights Reserved.)

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