General Dynamics Layoffs Job Cut: fire 1200 employees

The news is not good for the employees of General Dynamics. The comapny has decided to go for layoffs. The recession is taking a toll on all sectors and even the aviation & plane companies are feeling the heat. The latest additon to the list of organization which may go for layoffs is the General Dynamics.

How many employees may be fired in the General Dynamics layoffs?
There will be around 1200 layoffs, as per the reports that have come in.

What is the total no. of employees of General Dynamics?
Total No. of employees of General Dynamics is 92,300 as of now.

Which locations will be affected by the General Dynamics layoffs?
The layoffs affect employees at plant in Gulfstream's Savannah, Ga., Appleton, Wis.; Brunswick, Ga.; Long Beach, Calif.; and Dallas plants.

When will the General Dynamics layoffs happen?
No confirm dates for the layoffs, but it is learnt that the layoffs will be done as soon as possible.

How much savings can be made by the company from the layoffs?
No details available about that.

What is the primary reasons for General Dynamics layoffs?
Major reason is because of the slumping demand in the luxury plane sector.

Any other news about General Dynamics layoffs
As per WashingtonPost, General Dynamics also cut its 2009 earnings guidance to $6 to $6.10 per share, down from $6.70 to $6.75 share, because of the lowered expectations at Gulfstream.
Let's hope that alternative jobs are available to the affected employees of General Dynamics Layoffs Job Cut