Hello again, well this weeks saga of Lockheed Martin has ISGS employees getting screwed. Why? Oh wait the same thing I said before, "because the rent is just too damn high" and we've got to keep those profit margins. Sondra Barbour EVP of ISGS announced that besides laying off over 500+ employees that she's also going to change all of ISGS's benefits to off "LM Essentials." Now most ISGS had the lovely corporate benefits now they're going to really get the shaft... this benefit package sucks six-ways-to-Sunday. "We made these difficult decisions as part of our efforts to remain competitive in an extremely challenging environment where industry dynamics have shifted, customer budgets are constrained and competition has continued to escalate continuing to reduce our overhead costs, is expected to enable us to be a much leaner and more agile organization which is what is needed to compete effectively." - Sondra Barbour
Now little serfs this is your pathetic package, don't touch mine... almost guarantee you that she isn't going on LM Essentials... nope she continues to enjoy those lovely EVP benefits.
Now Corporate denies this reduction in Staffing is related to the strategic realignment, but lets be clear here it is all tied together. ISGS will be forced to do this to get a potential buyer for the 17000 employees and service contracts that will be forced out of LM. Do you think for one moment that Hewson is going to spin up a company (because it costs money to spin up a new company and they just bought a 9-billion Sikorsky Air business.)
My best is MFC-services and ISGS will be sold off in chunks. For we the employees in this situation prepare for the wild ride... oh yeah and just before Christmas... unless you are one of Sondra's 500 that she's getting rid of and then you get the axe during November.
Instead the lovely EBS and Corporate organizations that don't really produce anything (i.e. Make money) will now have four business units to push their flow-downs upon.