Thursday, January 12, 2012

300 Layoffs at ITT in Roanoke; More To Come

ITT Exelis in Roanoke County, a significant defense contractor with 1,400 employees in the Roanoke Valley, has furloughed 300 of its hourly employees.

ITT makes night vision goggles, mostly supplying the military whose needs are declining with the wind-down of wars in Iraq and Afghanistan.

Apparently, more cuts were on the way before the end of January.

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