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Groton Layoffs delayed

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Postby TMSmalley » Sun Apr 23, 2006 2:52 pm

Layoffs delayed at Groton-based submarine maker
April 22, 2006

GROTON, Conn. --A submarine repair project and savings from a voluntarily furlough program are expected to help Electric Boat delay additional layoffs until later this year, company officials said Friday.

The Groton-based submarine maker, which employs more than 11,000 people, laid off 154 workers in March.

It has said between 1,900 and 2,400 jobs could be eliminated this year because of a decline in submarine design, maintenance and repair work.

However, company President John Casey said Friday that the layoffs could be delayed because of anticipated maintenance work this summer from the U.S. Navy, and cost savings from a program in which about 100 workers took voluntary one-month unpaid furloughs.

The company recently finished negotiations for a maintenance project on the USS Miami nuclear-powered submarine. That project was not anticipated when the layoffs were announced earlier this year.

The fast-attack submarine was built by Electric Boat and launched in 1988. It is one of five vessels that make up the Atlantic Fleet's Submarine Squadron 4.
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