NEWS: Aerojet to eliminate 1,100 local jobs, stop manufacturing in Rancho Cordova

Aerojet announced it will move 1,100 of 1,400 Rancho Cordova-based jobs to Huntsville, Alabama, reports the Sacramento Bee. The company expects to save $145 million by consolidating operations in Alabama. This negative development for Rancho Cordova’s economy follows a decision last fall by Verizon to eliminate 1,000 local jobs.

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