Lockheed Martin to cut 1,500 jobs
Defense contractor Lockheed Martin plans to cut 1,500 additional jobs, saying Thursday that it needs to reduce costs at a time when the Pentagon has pared back spending.
Continental Airlines yesterday said it would cut 3,000 jobs, or about 6.5 per cent of its work force, and retire 67 older planes as it scales down in the face of soaring fuel prices.