What improvements would you like in Yahoo! Finance Message Boards? Please send us feedback.
Message Boards Settings Lockheed Martin Corporation - Quote Info
Last Day for Many After Decades of Service      6-Nov-09 01:17 pm    
This is the last day of working a LMT for many. The slow march to the gallows for those who must go through the checkout procedure. I wonder if they’ll be any suicides over this needless event. Was this preemptive layoff really necessary? I guess it was a good time to get rid of employees whose supervisors did not like. Just before the holidays. Merry Christmas, hardly.

What is to come next?

• An email from corporate came out saying that all senior level management (M1 and above) will be getting training in how to lay people off. The plan is to do this in February.

• They are well aware of what critical skills they are short of and those with these critical skills are safe.

• The layoff ranking is being done by looking at your last 3 years of Performance Review System results (2007, 2008 and 2009). If you have at least one single year in which you scored “High Contributor” you are safe. If you scored “Standard” in all three years or below that then you are at risk.

• Program/Department groups have been told that they have to select at least on person as a “Basic” contributor. If you get a basic this year you are evidently headed for the door.
Rating :
 (No ratings)
Rate it:
awful/not related to \pooraveragegoodexcellent

paul_revere...

133/Female


View Messages

Ignore User

Report Abuse

< Previous Message |   Next Message >
View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last

Messages in Topic

Minimum rating: What's this?
  Subject Author Rating Time of Post (ET)  
 
Last Day for Many After Decades of Service
paul_revere... Not rated 6-Nov-09 01:17 pm  
View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last

Lockheed Martin Corporation (LMT)

Chart for Lockheed Martin Corporation (LMT)
At 10:13AM ET: 75.81 Down 1.85 (2.38%)
Symbol Lookup