Newport News Shipbuilding, one of the U.S.'s oldest shipbuilders today focused on the U.S. Navy, announced that it is laying off 314 salaried employees as well as taking other steps to control costs. While the number of employees impacted is only a small percentage of the total workforce, it marked the first time in five years the shipbuilder has taken steps to reduce its workforce. "Today is a tough day as we say goodbye to 314 fellow shipbuilders as part of a layoff impacting our salaried workforce. This is the first workforce reduction we've experienced in five years and comes after a thorough assessment of our business," write the shipyard's president Jennifer Boykin in a social media posting.
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