LM has reported record high earnings for (at least) the last 6 quarters. This is no secret. We (employees) receive corporate emails indicating the quarterly earnings. This information is available to the public, so I am not divulging company proprietary information. So, the bottom line is this. Employees and property (assets) are expendable. Upper management is ALWASY viewing the company as a whole; every building, considering every project, number of employees involved in those projects etc. Based on those continued assessments, business decisions are made as to how to become more lean and competitive == what buildings (costly assets) and employees (costly assets) can we eliminate to improve our bottom line. Because, that is what it comes down to. The bottom line can be improved by improved (higher) sales and/or by lowering overhead (reducing costly assets). So, each week I continue to work conscientiously (because that is my good work ethic) knowing that at the end of the week, when I receive my paycheck, Lockheed and I are even. I don't think the above is applicable to any/every large corporation in the United States (can't speak for other countries).
2 replies (most recent on top)
Sorry to hear that. Their motto "Don't Forget Who You're Working For?"
I know the answer but it aint what they want to hear.
Many are led to believe this crap until boom you're out and finally realize the spin they are putting on the workers to get their big fat salaries at the lower people's expense.
I was layed off after 30 years in 2010 because LM lost the presidential helicopter contract. Then they teamed up with Sikorsky who had protested against LM winning the contract. Now they own Sikorsky. At LM and most large companies today employees are liabilities instead of assets. I'm still looking for a job.