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Stock impact report

Defense contractor lays off 758 California workers in one of state's biggest job losses in years [Yahoo! Finance]

KBR, Inc. (KBR) 
Last kbr, inc. earnings: 4/28 07:47 pm Check Earnings Report
US:NYSE Investor Relations: investors.kbr.com
Company Research Source: Yahoo! Finance
Major defense contractor KBR Services LLC is laying off 758 California workers at Fort Irwin, a U.S. army training center in the Mojave Desert, in one of the state's biggest job cuts in recent years. The bulk of the layoffs are expected to affect 482 tactical vehicle mechanics, 42 parts clerks, 31 technical wheel inspectors, 28 senior mechanics, 25 general equipment foremen and others, according to a state filing. KBR Services is a subsidiary of Houston-based KBR Inc. and provides logistics and maintenance support for the military. The layoffs are planned to occur by May 6 at Fort Irwin's Building 896 on Langford Lake Road in San Bernardino County. The company cited a "decrease in work allocated from customers" in its filing with the California Employment Development Department. It's one of the biggest recent layoff rounds in California, according to state filings. Others include Del Monte Foods' closure of its Modesto plant, resulting in 765 full-time workers losing their jobs Show less Read more
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