Wednesday, December 07, 2005

General Dynamics May Lay Off 2,400

General Dynamics may have to layoff 2,400 submarine workers, as a result of not getting more contracts from the Navy they expected to get. General Dynamics is one of two makers of Navy submarines and ships, the other company is Northrop Grumman Corp. of Los Angeles. The impending layoffs would be about 20 percent of General Dynamics total workforce which employs around 11,000 people. The shipbuilding industry has been in decline in the last few years, and most of the companies like General Dynamics rely mostly on Navy contracts, for the future I think they need to think about building different types of ships rather than just Navy ones. This might help in not having to get so many jobs in the future.

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