Wednesday, Aug. 29, 2007

Lockheed, others plan layoffs

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Several companies are laying off employees in Maryland, including 80 by Lockheed Martin Corp. at the defense and aerospace giant’s facilities in Southern Maryland, according to recent filings with the state.

The Lockheed layoffs are scheduled to take effect by mid-October. It is the first such notice by the Bethesda company this year, and Lockheed did not file any layoff statements in Maryland last year. A spokesman said he was checking on the notice.

Spirent Communications, a Sunnyvale, Calif., telecommunications business, also filed notice with the Maryland Department of Labor, Licensing and Regulation that it plans to lay off 22 employees in Gaithersburg by Sept. 30. A spokesman could not be reached for comment.

Executives at SunTrust Banks of Atlanta, one of the largest banks in deposits in Maryland with $6.9 billion last year, last week said they would eliminate some 2,400 company-wide positions by the end of 2008. The job cuts are part of a productivity and efficiency program designed to save the bank $530 million annually by 2009.

A SunTrust spokesman said that 19 employees in the region that includes Maryland and Washington, D.C., would be affected.

Also last week, executives at McLean, Va., financial services company Capital One Financial Corp., said they will close its mortgage-banking unit, resulting in 1,900 layoffs. Most will occur by the end of this year.

The unit has offices in Silver Spring and Owings Mills that have 60 employees and are expected to be closed.

— Kevin J. Shay