AEROSPACE & DEFENSE
From Times Staff and Wire Reports
General Dynamics to Lay Off 4,000: General Dynamics said the first of up to 4,000 layoffs resulting from the cancellation of the Seawolf submarine program will begin this month at its Groton, Conn., plant. The firm’s Electric Boat division said last month that it anticipated laying off 10,000 of its 17,000 Groton employees by 1997. The plant, Connecticut’s second-largest private employer, relied largely on Navy submarine pacts. The Seawolf represents $17 billion, or 40%, of $42 billion that President Bush hopes to save by trimming weapons procurement over the next five years.
