OTHER NEWS - May 28, 1992
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From Times Staff and Wire Reports
Hughes Job Losses: Streamlining and loss of contracts could cost up to 7,000 workers their jobs, or 40% of the 16,000 workers in the combined Hughes Aircraft-General Dynamics missiles unit if Hughes’ proposed $450-million acquisition of the General Dynamics unit goes through. Hughes Aircraft had previously announced in a employee newsletter that 5,000 to 6,000 jobs could be lost.
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