L-3 to lay off 150 employees - KXXV-TV News Channel 25 - Central Texas News and Weather for Waco, Temple, Killeen |

WACO

L-3 to lay off 150 employees

Posted:
WACO - L-3 Platform Integration is laying off 150 workers because of sequestration-related cuts to 2014 U.S. Navy aircraft inductions and most of the engineering work is done on two major commercial programs.

According to a statement put out by Lance Martin, public relations manager for L-3 Platform Integration, both salaried and hourly positions will be affected, and employees will be offered severance packages and outplacement assistance.

The statement said, the company, which still employs about 2,000 people in Waco, will be "reducing its workforce by approximately 150 positions as a result of sequestration-related reductions to U.S. Navy aircraft inductions in 2014 and the completion of most engineering work on two major commercial programs."

Martin said L-3 made this "decision after exhausting all other options to ensure the long-term health and competitiveness of our business," and that over the past several months the company took a number of measures to try and avoid or minimize the number of layoffs required.

Those measure include: reducing hiring and the number of contractors at their site, reassigning workers from the Navy program to other programs with more work, reducing their 2014 budgets, and trying to move employees to other L-3 divisions for temporary and full-time work.

Martin also said that L-3 was able to save approximately 150 jobs in 2013 because of the company's "diverse business model," and they expect to increase the diversity of their business and customer base moving forward.
Powered by WorldNow

News Channel 25 KXXV-TV
P.O. Box 2522
Waco, TX 76702

Phone Numbers:
Main: 254-754-2525
Tip Line: 254-757-2525

Links
Contact Us
KXXV Employment Opportunites
FCC Filings
Advertise on KXXV

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KXXV. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.