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Newport News Shipbuilding says it needs to cut costs

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Posted at 2:10 PM, Sep 06, 2012
and last updated 2012-09-06 14:10:41-04

One of Hampton Roads' biggest employers is offering buyouts to 1,200 workers.

Newport News Shipbuilding says it needs to cut costs.

The company is offering buyouts to 1,200 salaried workers. Only salaried employees who are 60 and older are eligible.

Workers have until September 28 to accept the company's offer. 

NewsChannel 3 has a crew working on new details. We'll have more about this breaking story this afternoon, starting First at Four.