Tuesday, March 8, 2011

Northrop Grumman's Sperry Marine to Cut Jobs In Charlottesville

The company already cut local jobs in June 2010, and now plans to cut 500 by the end of May, in Maryland and Virginia.  Company officials cided 'mounting debt in governments worldwide, cuts in military spending and stiffer competition that impacted "the volume of work in our near-term business forecast,"' according to the DP.

To Get Back to 6% Unemployment, 300,000 Jobs Need to Be Created Every Month Until 2014.

National Unemployment at 8.9 12%
Despite End of Recession in 4/2009, Local Unemployment Remains Elevated.

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