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BAE Systems Laying Off Staff at Wayne Location

Unknown how many of the 800 employees at the location will lose their jobs.

BAE Systems will lay off part of its 800-member workforce at its Wayne location later on this year.

The move is part of the British defense contractor's decision to reduce its 11,000-employee workforce by 300 people. The company issued a statement announcing the layoffs Monday.

Company spokeswoman Kristin Gossel said the layoffs would "impact the Wayne site" but didn't know exactly how many employees would lose their job. Two-thirds of the layoffs will take place at the company's Nashua, NH plant. About 800 people work at the Wayne location.

Affected employees will be notified by March 4. They will be eligible for a compensation package, which includes severance pay and health benefits.

The company said in the statement the layoffs are a "necessary response to changing staffing requirements and the overall economic climate of our industry."

The Milky Way Education Center is planning on building a new school and dormitory on the BAE Systems property on Totowa Road.

— Have a question or news tip? Contact editor Daniel Hubbard at Daniel.Hubbard@patch.com or find us on Facebook and Twitter. For news straight to your inbox, sign up for our daily newsletter.

YGBFKM January 29, 2013 at 12:52 PM
Things are getting SO much better - Thanks Obammy (flying to Las Vegas for 15min. speech)
jay1296 January 29, 2013 at 02:07 PM
Never a good thing to hear. I work for a big company and they also are lookng to layoff up to 500 people at some time this year. Im forced to work overtime allmost everyday and weekends to! (LISTEN IM NOT COMPLAINING AT ALL) But these conditions are because we cant cover the work we have with the amount of employees we have now! SO WHAT IS IT GONNA BE LIKE WHEN THEY LAYOFF 500 people? We actually need 500 hired instead of laying off. But here is what i dont understand? These huge companies have record high profits and the CEO bonus is double from last year? WTF??? So now these people that get laid off are now the tax payers responsiblity while the big CEO sits back in his house swimming in money. I ask how do they get away with this day in and day out??
stewart resmer January 29, 2013 at 05:31 PM
oh I get it, its Obama-Bidens fault that BAE is shedding jobs right? BAE faces a long, lonely retreat after gamble it should never have taken http://www.telegraph.co.uk/finance/comment/damianreece/9600390/BAE-faces-a-long-lonely-retreat-after-gamble-it-should-never-have-taken.html (maybe you might want to do a little homework)
Bill January 29, 2013 at 06:52 PM
The same way the Wayne Board of Ed and non working PTO moms do. They manipulate the system.
YGBFKM January 29, 2013 at 09:03 PM
Homework NOT NEEDED-just one of many, many stories of overall DOWNTURN that the LionSOS in WH breeds. How can anyone think this is good AND protect the president's MANY shameful moves.................................
Scondo January 29, 2013 at 10:43 PM
http://news.yahoo.com/pentagon-cutting-jobs-maintenance-due-budget-fears-official-170708494--business.html
stewart resmer January 30, 2013 at 01:29 AM
Advancing stocks outpaced declining ones... The Dow Jones industrial average closed at 13,954. The index has advanced seven of the past eight days. The Standard and Poor's 500 gained 7 points to 1,507. The Nasdaq composite fell less than a point to 3,153. Stocks are approaching record levels after a January rally that has pushed the Dow 6.5 percent higher this month and the S&P 500 up 5.7 percent, to its highest level since December 2007. Demand was bolstered after lawmakers reached a deal to avoid the "fiscal cliff" at the start of the year. Advancing stocks outpaced declining ones on the New York Stock Exchange. Volume was above average at 3.9 billion shares. yes, homework, due diligence, a modicum of research, something, anything except shoot from the lip knee jerk responses not grounded in fact or data to support your alternate universe asserstions?
YGBFKM January 30, 2013 at 01:27 PM
Hey Resner- It's not worth my time getting into a peeing contest with you or any other liberal sheep-but of course there are many numbers you (always) fail to mention. Like: Record REAL unemployment, FOOD STAMP use, INFLATION, DOUBLE gas prices, murder rate in CHICAGO, etc. Like I said, haven't the time........................................
Jack Q January 30, 2013 at 01:35 PM
Stew, Price of oil and gas up, dollar decreases value against Euro, unemployment @ 7.8%. A rising stock market is not a direct indicator of an improving economy, ask any economist. The great thing about statistics is you can get them to say anything you want. And as you would say, these are facts and data.
YGBFKM January 30, 2013 at 04:11 PM
http://online.wsj.com/article/SB10001424127887324156204578273611039517142.html?mod=WSJ_hpp_LEFTTopStories More BAD(to most)NEWS-Economy shrinking! Wake Up S.R.!!!
stewart resmer January 30, 2013 at 04:46 PM
The U.S. average retail price for regular gasoline fell steadily through the end of 2012, to $3.25 per gallon on December 17 from $3.88 per gallon on September 17. After rebounding slightly in the final weeks of 2012, prices have held relatively steady through the first three weeks of 2013, increasing less than two cents per gallon to $3.32 per gallon. The stable prices in 2013 reflect Brent crude oil prices that have traded in a relatively well-defined range since the beginning of the year, and gasoline crack spreads that are largely unchanged, on average, from December. However, the stable national average does not capture the significant regional variation in gasoline prices, with the highest average prices for any Petroleum Administration for Defense District (PADD) on the West Coast (PADD 5) at $3.50 per gallon and the lowest average prices in the Rocky Mountains (PADD 4) at $2.88 per gallon.
stewart resmer January 30, 2013 at 05:09 PM
Today’s report showed household consumption climbed at a 2.2 percent rate, following a 1.6 percent advance from July through September and compared with the 2.1 percent median forecast in the Bloomberg survey. Purchases added 1.5 percentage points to growth. Corporate spending on equipment and software climbed at a 12.4 percent pace, contributing 0.86 percentage point to growth. It had declined at a 2.6 percent rate in the previous quarter, the most in more than three years. Residential construction increased at a 15.3 percent rate. For all of 2012, homebuilding climbed 11.9 percent, the most since 1992. Bloomberg
Chris Traynor January 30, 2013 at 05:13 PM
There are, quite literally, thousands of reasons how the American economy got into this mess and why it remains in this financial funk - very, very, very few of them have to do with this President. Historically, there have been Presidents who more directly affected our economy, but today, the layers and influencing factors have become so vast as to make the connections between the Executive level of government and the happenings on Main Street very much limited. Some believe that our President need only "turn the right valves, in the right order" to increase the flow and, as they say, lift all boats. The arguments are very much muddled because, while everyone has an opinion about the causes of this economic distress, only a fractional percentage have any idea how a business makes money or how the stock markets work or the difference between revenue, profits, income, taxable income or earnings. The world has changed drastically in the last half-century and our educational curriculum must change as well. Perhaps its really not that important for our kids to be able to recite certain facts from memory. AS THE "UNIVERSE OF INFORMATION" GROWS EXPONENTIALLY, IT BECOMES LESS IMPORTANT TO RECITE IT AND MORE IMPORTANT TO KNOW EXACTLY HOW AND WHERE TO FIND THE ANSWER. Our schools need to reinstate civics (how government works) & economic basics to create a class of true citizens somewhat prepared to take part in, or accurately comment upon, the governance of the United States.
Jack Q January 30, 2013 at 06:00 PM
GDP shrinks .1% - The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That's a sharp slowdown from the 3.1 percent growth rate in the July-September quarter. The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles. The surprise contraction could raise fears about the economy's ability to handle tax increases that took effect in January and looming spending cuts. - AP By the way, gas prices have gone up 12-20 cents since the beginning of the year.
Zodi Yabadoo January 30, 2013 at 11:09 PM
Forget blaming past presidents and the House etc. Obama needs to something NOW to encourage job growth or you're going to see a lot more unemployed than Defense contractor employees.
stewart resmer January 31, 2013 at 02:08 AM
“If not for the Bush tax cuts, the deficit-financed wars in Iraq and Afghanistan, and the effects of the worst recession since the Great Depression (including the cost of policymakers’ actions to combat it), we would not be facing these huge deficits in the near term. By themselves, in fact, the Bush tax cuts and the wars in Iraq and Afghanistan will account for almost half of the $20 trillion in debt that, under current policies, the nation will owe by 2019. The stimulus law and financial rescues will account for less than 10 percent of the debt at that time.” The Center on Budget and Policy Priorities yeah forget about Bushco taking the Clinton surplus and squandering it into the largest defecit in the history OF THE WORLD huh?
Jack Q January 31, 2013 at 04:23 PM
Or you forget the recession Bush inherited at the end of the Clinton era and 9-11. Convenient amnesia yet again. After 4 years, don't you think it's time for Obama to accept the responsibility for the economy? Had the first two years to do what ever he wanted, passed a stimulus that was ineffective, passed healthcare that the majority didn't want. And the largest deficits belong to Obama, Stew. And Obama said the war in Afghanistan was the one to fight. And why didn't Obama eliminate the Bush tax cuts in 2009? And, initial jobless claims rose to 368,000, the Labor Department reported - Bloomberg
stewart resmer January 31, 2013 at 05:25 PM
jack-o yer kiddin right? Clinton presided over the longest period of peacetime economic expansion in American history.The Congressional Budget Office reported budget surpluses of $69 billion in 1998, $126 billion in 1999, and $236 billion in 2000,during the last three years of Clinton's presidency. wikipedia
Jack Q January 31, 2013 at 06:32 PM
From 2000 to 2001, the Federal Reserve in a move to quell the stock market, made successive interest rate increases, credited in part for "plunging the country into a recession."[7] Using the stock market as an unofficial benchmark, a recession would have begun in March 2000 when the NASDAQ crashed following the collapse of the Dot-com bubble. - Wikipedia. So if GW was inaugurated in January 2001, who was President? And by the way, it was peacetime because Prez Clinton was too busy taking care of Monica Lewinski instead of paying attention to the USS Cole bombing, WTC original bombing. So save the stories for the wee ones, will ya!
stewart resmer January 31, 2013 at 08:28 PM
oh poor jack, you just cannot bring yourself to accept the fact that the ineptitude of 8 yrs of Bushco resulted in the greatest defeicit in the history of the world that generations yet unborn will be paying down can you? Today of course as we see above the markets are picking up, the cost of gas is down, the US is out of Iraq, rotating out of Afghanistan, keeping clear of hot spots through out the world and in the process of rebuilding America.
Jack Q February 01, 2013 at 12:29 PM
First, Obama has increased the debt more than every President combined. Gas in 2008 $1.89 - today its $3.39. That's up not down. Unless you are one of the people Clinton talked about where the math doesn't add up. US still has troops in Iraq, looking to add more in Afganistan. By keeping clear, I guess you mean ignoring what happened in Benghazi, letting Marines sit in prisons in Mexico, denying the fact that branches of Al Qaeda are building, Iran and North Korea becoming more aggressive. 2% increase on everyone through social security tax when only the 1% were going to pay more. Consumer confidence down, Shrinking of GDP. How's that for rebuilding?
Scondo February 01, 2013 at 02:39 PM
Solutions anyone? Thought not, carry on.
Jack Q February 01, 2013 at 06:36 PM
Don't know where my post went, but... Obama has risen debt more than every president before him. Stocks are up but gas price has almost doubled under the president, unemployment is up to 7.9%, 8.5 million have given up looking for jobs. Consumer confidence is down. GDP is down. How about that little 2% tax increase that everyone got from the President who said only the 1% are going to get taxed, I'm for the middle class. How hollow those words are, huh?We are not out of Iraq. How exactly do you define keeping clear of hotspots, by having 8 embassies attacked in the last 4 years and doing nothing about it? C'mon Stew, like you say you aren't entitled to your own facts.
stewart resmer February 02, 2013 at 03:59 PM
woopsie Jack stock market broke 14,000 yesterday, that must drive you nuts, oh by the way, the jobs reports for late 2012 were low and have been revised upeards, sounds like your assessment falls flat everytime you post more of your comments huh? It aint easy being a right wing hack I guess.
Jack Q February 04, 2013 at 12:43 PM
Actually, I am quite happy, as is my IRA. What doesn't make me happy is 7.9% unemployment, 8.5 million people dropped of employment rolls, gas prices up, consumer confidence down... and all this White House worries about is releasing a photo of Obama shooting skeet. Oh, and did I mention another bombing outside a US Embassy? So you keep hacking through the stats until you find one that makes this admin look good.
Fed up February 19, 2013 at 06:41 PM
Amazing. Obama gets blamed for nothing. Bush gets blamed for everything including a hurricane. The blame is on all of them as they no longer speak for the people they represent Their sole concern is their reelection and this applies equally to establishment Republicans. You want solutions? Two words - term limits.

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