Monday, May 17, 2010

HoCo Gains, Baltimore Loses

There were three employment related stories in the news the past week. On Tuesday, Legg Mason announced plans to cut 250 financial sector jobs in the Baltimore area reducing their local workforce by about 30%.

On Wednesday, Amports, the operator of two auto terminals at the Port of Baltimore , announced that it will layoff 116 workers as it moves some operations to Philadelphia.

Meanwhile, according to this story by Ryan Sharrow and Daniel J. Sernovitz in the Washington Business Journal, ITT Information Systems is “taking an additional 28,000 square feet of space in the Columbia Gateway Business Park” in Columbia and plans to hire more than 100 people.

It comes as no surprise that the jobs being added at ITT are in the cyber security field.

“The company’s Advanced Information Systems division is also a key player in the military’s war on cyber security.”

We are extremely fortunate to have a growth business in our midst.