The workforce in Cambridge has been dealt another blow, following layoffs at Com Dev International in Cambridge.
A downturn in the global space and satellite industry is being blamed for an undisclosed number of jobs losses at the aerospace and manufacturing facility on Sheldon Drive, resulting in reduced customer demand.
Honeywell, which acquired Com Dev less than two years ago, won’t confirm how many people have been affected for competitive reasons, but sources tell 570 NEWS over 140 employees were let go this week.
Director of Communications Scott Sayres declined an interview, but says employees were informed of the decision in late July.
In a release the company says “the difficult decision” is part of a plan to realign its manufacturing operations. It is also using voluntary departures, and will offer severance and outplacement services to eligible employees.
The job cuts occur just weeks after hundreds of people were let go from the Rimowa luggage manufacturing company, and news earlier this summer that Sears would be closing its doors at the Cambridge Centre.