Aerojet remembered: ‘It was a joy to work there’
Aerospace and defense technology company Aerojet Rocketdyne will lay off 180 employees in Rancho Cordova over the next couple of months as the company continues to downsize in the region.
The layoffs are projected to happen by June 20 as part of a previously announced series of layoffs, leaving about 450 employees in the city, Aerojet director of communications Lynn Machon said.
The majority of the remaining Rancho Cordova positions will provide company-wide services in areas such as finance, human resources, IT, health and safety and supply, Machon said.
A small number of employees – somewhere around 40 – will remain in manufacturing until June 2020, when they will likely be laid off as well, Machon said.
The company announced in April 2017 it would eliminate about 1,100 jobs in the area by the end of 2019 and curtail local manufacturing operations, while expanding in Arkansas, according to previous reporting by The Bee.
In the summer of 2016, Aerojet Rocketdyne Holdings Inc. moved its headquarters from Rancho Cordova to El Segundo.
At its height, the company once employed more than 20,000 people in the Sacramento area and was the largest publicly-traded company in the region, according to previous reporting by The Bee.
On Thursday, Aerojet Rocketdyne announced it had just broken ground on a 17,000-square-foot engineering and manufacturing facility in Camden, Arkansas, according to a news release issued by the company.
The company employs about 800 workers in Arkansas and has plans to expand to 900 positions over the next three years, according to the release.