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Dec. 7, 2005 / 2:35 PM

Electric Boat to lay off as many as 2,400

NEW HAVEN, Conn., Dec. 7 (UPI) -- Connecticut-based submarine builder Electric Boat will lay off as many as 2,400 workers by the end of next year.

The reason for the loss of about 20 percent of the company's staff is the declining size of the U.S. submarine fleet and the Navy's decision to steer repair work to its own shipyards that survived the base closure process, the Boston Herald reported Wednesday.

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Most of the affected jobs will be cut in Connecticut, but 500 to 600 will be eliminated from the company's Rhode Island facility.

Electric Boat is a division of General Dynamics Corp.

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