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GenCorp announces job cuts

Mar. 10, 2015 11:01 AM ETAerojet Rocketdyne Holdings, Inc. (AJRD) StockAJRDBy: Yoel Minkoff, SA News Editor
  • GenCorp (GY +0.9%) is slashing 10% of its national workforce as part of a four-year plan to cut costs and increase efficiency.
  • Many of the layoffs at the company's Aerojet Rocketdyne unit will come from the movement of three missile programs out of its headquarters. The local cuts will translate into the elimination of 250 to 300 positions.

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