Thursday, April 11, 2019

Lockheed Martin Essay Example for Free

Lockheed Martin EssayQuestion By laying of Lockheed Martin employees, does it move the future sales of the company? Articles Lockheed Martin Not Giving Layoff Notices, At White House Request, Lockheed Martin Drops Plan to roll in the hay Layoff Notices, and Lockheed Martin threatens big cuts I. IntroductionThe Lockheed Martin Corporation ousted its incoming chief executive, Christopher Kubasik, for having a close relationship with a subject at the defense contractor. They forced him to resign after the investigation found it to be improper conduct, which violate Lockheed Martins code of ethics. However, Mr. Kubasik felt that his affair did not interfere in any way with his trading performance. There have recently been some budget cuts at the Pentagon, and contractors are trying to adjust to the changes. The Lockheed Martin directors upgrade promoting Ms. Hewson, a contractor because they believe she performs well in other management roles. She had been with Lockheed since 1983, and will immediately cause president and chief operating officer of the corporation.II. FindingsA. Layoffs (finding 1)1. Pending job cuts2. Warnings (the WARN Act)3. little payB. cypher cuts (finding 2)1. Reduction in Pentagon spending ($500 billion)2. Minimized the potential for waste and disruption associated with the issuance of unwarned layoff notices.3. Less spendingC. Smaller workforce1. 18% little2. Hiring pace is slower3. Fewer jobs available = smaller workforceIII. AnalysisA. Stakeholder analysisB. Cost-benefit analysisC. Six thinking hatIV. ConclusionBased on the findings and analysis, by laying off Lockheed Marin employees, it would affect the corporation and future sales negatively. Since there will be mass job cuts, the company will slowly start to deteriorate and will fall away altogether.

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