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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?


To: Geoff who wrote (1732)1/21/1998 8:29:00 PM
From: Beefeater  Read Replies (1) | Respond to of 10852
 
To all: Layoffs at SS/Loral?

Today I was told that SS/Loral in Palo Alto has recently implemented employee layoffs totalling 700, due to satellite contract changes. According to my source (whose friend works at SS/Loral), 300 have been pink-slipped and 400 more are imminent. I can find no public announcement about this, nor can I verify the accuracy of this report. Can anyone confirm or refute this?