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June 1, 1996 | Times Staff and Wire Reports
Raytheon Offers Buyouts to 4,400: Raytheon Co. says it seeks to trim its defense-related work force at its Massachusetts plants without resorting to firings. In a memo to hourly employees represented by the International Brotherhood of Electrical Workers Local 1505, Raytheon said that the "continued decline in Department of Defense procurement" is forcing the company to cut jobs. The Lexington, Mass.
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BUSINESS
June 1, 1996 | Times Staff and Wire Reports
Raytheon Offers Buyouts to 4,400: Raytheon Co. says it seeks to trim its defense-related work force at its Massachusetts plants without resorting to firings. In a memo to hourly employees represented by the International Brotherhood of Electrical Workers Local 1505, Raytheon said that the "continued decline in Department of Defense procurement" is forcing the company to cut jobs. The Lexington, Mass.
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BUSINESS
March 11, 1994 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
The moral of this story may be: Don't get Kent Kresa mad. Kresa, the 55-year-old chairman and chief executive of Northrop Corp., is a studious-looking fellow who has cleaned up the Los Angeles-based aerospace giant's tarnished reputation and is generally regarded as bright, methodical and conservative. But on Thursday, Kresa defied expectations by making an unsolicited $60-a-share bid for Grumman Corp.
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