L3Harris cuts 5% workforce in cost-saving measure
U.S. defense contractor L3Harris in the good aquire of 5 per cent of its team earlier this month in a describe to streamline its alternate and place prices, CEO Chris Kubasik talked about in a put up-earnings convention call on Friday.
The announcement confirms a Reuters file from Tuesday which talked about the company would in the good aquire of 5 per cent of its team this one year, citing an electronic mail sent to workers.
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Although U.S. defense contractors are seeing a critical elevate in orders amid conflicts in the Center East and between Russia and Ukraine, they continue to face headwinds from provide chain and labor disruption stemming from the pandemic, impairing margins.
Source: Reuters
