Lockheed CEO: Budget Cuts Could Cause 10,000 Layoffs

Robert Stevens, chairman and CEO of Lockheed Martin, estimates that the largest U.S. defense company could lay off 10,000 workers if $1 trillion in across-the-board federal budget cuts begin taking place as anticipated on Jan. 2, 2013. The company employs 123,000. Stevens qualified the layoff...

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