Kollmorgen parent company announces 19 layoffs from Northampton plant
NORTHAMPTON — L-3 KEO announced Friday it is laying off 19 employees from its Northampton plant at 50 Prince St.
A statement released by the company Friday said, “L-3 KEO is reducing its workforce by 19 positions, at its Northampton, MA location.”
“This difficult, but necessary action was taken to maintain the division’s overall competitiveness and improve its ability to win and execute new business pursuits in a declining defense budget and sequestration environment. Both salaried and hourly positions are affected. The employees have been offered severance packages and outplacement assistance,” according to the statement.
L-3 KEO reports that it employs approximately 313 people, with operations in Massachusetts, Vermont and Connecticut.
New York-based L-3 communications bought Kollmorgen Electro-Optical from the Washington D.C.-based Danaher Corp. in 2011 for $210 million.
L3-KEO provides sensors, antennas, masts, weapons control systems and other defense applications.
In 1916, Kollmorgen was contracted to design, build and install the first workable periscope aboard the first U.S. submarine, according to the company’s website.
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