Ingalls to cut 500 positions

PASCAGOULA, Miss. - Ingalls Shipbuilding plans to reduce its workforce by 500 people, the company said. Ingalls announced a "a voluntary reduction-in-force offer" will be made to non-union employees in Pascagoula. Jobs would include engineers or those who work in the human resources or finance department, among others. The company blamed it on cost pressures in anticipation of declining shipbuilding budgets. (Source: Sun Herald, 12/02/11)