JULY 7, 2020 — AT LEAST 300 LAYOFFS IN ELECTRONIC SYSTEMS
The company has announced is a reduction in force impacting approximately 300 Electronic Systems employees. 200 in Nashua, New Hampshire, and the remainder in Wayne, New Jersey, Austin, Texas, Manassasas, Virginia., Endicott, New York, and Greenlawn, New York. The decision was driven by “changing staffing requirements and the overall economic climate for its industry.” The layoffs are scheduled for August 31, 2020.
Original post…
BAE Systems’ shipyard in Mobile, Alabama has announced that it will be laying off more than 150 employees in response to a downturn in the company’s ship construction and repair business. The proximate cause of the layoffs can be attributed to the prolonged industry slump and hard times that have befallen energy companies, and in particular, those oil and gas operations located offshore in the Gulf of Mexico.
BAE’s spokesperson, Karl Johnson, said that “ship repair operations would end immediately and ship construction will continue through spring. The reason we're taking this step with that ship repair operation is that its primary business was supporting vessels that were part of the oil and natural gas industry in the Gulf of Mexico. That business has been in a prolonged downturn.” Previously, approximately 200 people were laid off in August 2016. There has been no announcement about the full closure of the facility or what BAE might do with the property.
London-based military and aerospace contractor BAE Systems also maintains several other shipyards in the United States (Norfolk, Virginia, Pearl Harbor, Hawaii; Jacksonville, Florida, Mayport, Florida, and San Diego, California with significant contracts with the United States Navy.
This was much the same story with Jeffboat, LLC and their ship repair and contruction business.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?