The City of Goodyear has learned it will lose about 600 jobs when Lockheed Martin closes the plant.
The aerospace and information technology company announced Thursday it was cutting 4,000 jobs nationwide, about 3.5 percent of its workforce, as the defense contractor continues to look for ways to lower costs amid reduced government spending.
Goodyear Mayor Georgia Lord said city leaders were bracing for cutbacks as
defense spending drops, but not a shutdown.
“We knew at some point that Lockheed Martin was going to be affected by
sequestration. We at the city of Goodyear did not know to what point,” Lord
said. “But this isn’t just about our city. This is going to affect our entire
The plant in Goodyear is one of four to be shuttered by early 2015. Ohio, Pennslyvania and Texas are also losing plants.
“In the face of government budget cuts and an increasingly complex global security landscape, these actions are necessary for the future of our business,” CEO Marilyn Hewson said in a statement.
The Goodyear plant, one of the largest employers in that city, specializes in information systems and global solutions.
Goodyear spokeswoman Romina Khananisho said the city was losing “well-paid engineering jobs.” City leaders were in the dark about the Lockheed plans prior to receiving emails and texts about the announcement Thursday.
Bethesda, Md.-based Lockheed Martin Corp. is the maker of Patriot missile defense system and the F-35 and F-16 fighter planes.
Valley economist Elliott Pollack said the potential aftereffects goes beyond the loss of 600 jobs.
“I don’t know if the West Valley has the ability to replace these jobs so people will leave or find jobs elsewhere in town,” he said. “This doesn’t bode well for Goodyear.”
City spokeswoman Romina Khananisho said Goodyear will try to find another
tenant for the facility, hopefully another aerospace company.
KTAR’s Jim Cross and the Associated Press contributed to this article.
- Skin Cancer in Arizona: Stats, facts and new immunotherapy drugs making strides
- Distracted walking injuries end up not so funny
- Scary situations: 5 quick tips before you let a contractor in your home
- Four ways telemedicine is changing the health care industry
- 5 mistakes homeowners make in the spring
- Three rivers run through it: Exploring Arizona's waterways
- Smart home basics: things you need to know to get started
- 5 Surprising things causing back pain
- Arizona agriculture is a $17.1B industry
- Timeline: Arizona's roots in brewing history
- 5 reasons to love the D-backs this season
- Tips for taking your home entertainment experience to the backyard
- Tech-related injuries your parents never experienced
- Workers comp: Signs your co-worker could be a fraud
- Who's the real founder of America's pastime?
- Epidemic rising? What you need to know about Alzheimer's in Arizona
- 5 unforgettable Wooden Award winners
- Family and hard work are keys to success of modern dairy farmers
- Genetic testing could hold answers for colon cancer survival
- Cold beers and baseball: A beer lover's guide to Spring Training
- Telecommuting: 5 tips to make it work for employers and employees
- See how top CFOs feel about economic growth in the Valley
- Migraine myths that keep patients from effective treatments
- Here’s why Gaydos went tankless with his water heater
- Bocce ball and basketball: How you can help Arizona's Special Olympics athletes
- Tips on building the best wine room in Arizona
- Avoid the nightmare: 6 tips to choose a great contractor
- Breast cancer: Improved testing and treatments means more survivors
- Failed back surgery: New hope for patients living in pain
- Ticking time bombs: Telltale signs your water heater is about to explode