Electric Boat Cuts Will Not be Layoffs

Thursday, December 07, 2006
The Norwich Bulletin reported that Electric Boat’s reduction in jobs this year can be achieved through attrition and furloughs, rather than laying off employees. More than 1,400 jobs were eliminated at EB this year, far fewer than the initial projections a year ago suggesting as many as 2,400 jobs might be lost this year. Of those jobs that were cut, more than 600 came from a series of layoffs throughout the year and the remaining 800 through attrition. Casey noted, however, an increase in design work has allowed the company to recall all 135 designers and engineers laid off last March. Democratic Congressman-elect Joe Courtney, who defeated Simmons in November, said Tuesday EB management and its work force deserve credit for their efforts to mitigate the loss of jobs. He pledged his support to work tirelessly during the next two years on behalf of the company and its workers. Courtney met with union leaders and members at the shipyard last week and plans to meet with management in the coming weeks before the new Congress convenes Jan. 4. Navy plans call for an increase in the shipbuilding budget from $11 billion to more than $20 billion through the next five years. But none of that increase is earmarked for new submarine construction beyond the one-per-year schedule until at least 2012 at the earliest. One furlough at the company recently was accomplished entirely with volunteers. Company and union officials said they hope future furloughs can be handled the same way. source: Norwich Bulletin

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Maersk Falls into the Red

Maersk Line posted a steep decline in profit last year to $1.3bn, well down from the 2014 result of $2.3bn and below its most recent forecast as freight rate declines

Maersk Line to Face Miserable 2016

In a video interview Group CEO of AP Møller-Maersk Nils S. Andersen comments on the 2015 full year result, low oil and freight rates, and the challenges and opportunities

Shipping Firms Poised to Settle EU Probe

Fifteen container liner shipping companies "have offered to change their pricing practices to settle an EU antitrust probe and stave off possible fines," according

Tanker Trends

Top 10 Shipowning Nations by Value

VesselsValue has provided a list ranking the top shipowning nations by value, including the percentage change difference against 2015 figures. Although the

2016 a Busy Year for VLCC Deliveries - BIMCO

When it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, 2016 is off to a flying start. Six

U.S. Okays ConocoPhillips Alaska LNG Exports

The U.S. Department of Energy approved ConocoPhillips' application to export about 40 billion cubic feet of natural gas from its Kenai liquefied natural gas export

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0833 sec (12 req/sec)