Posted on January 29, 2013 at 10:18 AM
NASHUA, N.H.—Defense contractor BAE Systems is laying off 300 employees, two-thirds of them at its plant in southern New Hampshire.
The company said in a statement Monday that affected employees will be notified by March 4.
About 4,600 employees work at the plant in Nashua, N.H. Other reductions in the 11,000-employee workforce will take place in Wayne, N.J.; Greenlawn and Endicott, N.Y.; Manassas, Va., and Austin, Texas.
The company said in a statement from its Electronic Systems sector in Arlington, Va., the layoffs are a necessary response to changing staffing requirements and the overall economic climate for its industry.
BAE said it believes the result of the action will be a stronger, more competitive business.