Jul 13, 2010 7:11 PM by Melissa Canone

Avondale Shipbuilding Yard Closing-Wiping Out 5,000 Jobs

NEW ORLEANS (AP) - In the worst economic blow for the New
Orleans region since Hurricane Katrina, Northrop Grumman Corp. said
Tuesday that it will shut its Avondale shipbuilding yard in 2013,
wiping out up to 5,000 jobs.
The Los Angeles-based company said it would consolidate
construction of Navy amphibious assault vessels at its yard in
Pascagoula, Miss. In the meantime, the company said it is exploring
options for the shipbuilding division and might spin it off as a
separate company.
"Northrop Grumman has tragically chosen to turn its back on
Louisiana and thousands of workers in the state," said U.S. Sen.
Mary Landrieu, D-La. She said she hoped the company would reverse
the decision on the shipyard.
Gov. Bobby Jindal could not immediately be reached for comment.




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