1. Northampton company L-3 KEO announces elimination of 19 positions

    Northampton company L-3 KEO announces elimination of 19 positions

    L-3 KEO, the city's largest industrial employer announced Friday it is laying off 19 employees from its Northampton location in part because of declining defense spending and continuing impact of sequestration on the federal budget, according to company officials. "This difficult, but necessary action was taken to maintain the division’s overall competitiveness and improve its ability to win and execute new business pursuits in a declining defense budget and sequestration environment," the company said in a prepared statement. Positions being affected are both salaried and hourly, and employees have been offered severance packages and outplacement assistance.

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    1. This difficult, but necessary action was taken to maintain the division's overall competitiveness and improve its ability to win and execute new business pursuits in a declining defense budget and sequestration environment.
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