GenDyn NASSCO to Lay Off Up to 1,150
According to a May 12 San Diego Union Tribune report, General Dynamics (GD) NASSCO in San Diego plans to eliminate one-fourth of its work force to cope with a prolonged slump in the industry, cutting as many as 1,150 positions. The company said it has sent letters to 900 of its 4,100 workers, notifying them that they might be laid off starting in mid-July. About half of the 500 jobs held by subcontractors also might be cut.
(Source: San Diego Union Tribune)