Business Services Industry
TRW Subsidiary to Close Macon, Ga., Plant Due to Loss of Boeing Work.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, March, 2000 by Schenke, Jarred
Mar. 25--Aircraft component manufacturer Lucas Aerospace, now owned by TRW Aeronautical Systems, on Friday announced plans to close its embattled Macon plant. More than 300 workers will be laid off over the next year and a half, a company news release said.
The company blamed the January loss of its Boeing 737 contract as the reason for the closings.
"The loss of this major follow-on contract will reduce the business at the company's Macon facility by 75 percent, which is well below a sustaining level," the release stated.
The remaining employees who had survived the most-recent round of layoffs at the plant were notified of the planned closing by company officials Friday. According to TRW, the company will help employees find other jobs,...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
