Newport News Shipbuilding announced cuts Tuesday, and more are likely on a larger scale next year according to the company's president.
The shipyard announced 480 layoffs due to a temporary but significant drop in work.
The affected employees were let go Tuesday. The shipyard is a major economic driver on the Peninsula and throughout the Hampton Roads region.
It attracts workers from across the region, from the Williamsburg-James City County area, the Mid-Peninsula and as far away as portions of North Carolina.
Last month, shipyard parent Huntington Ingalls Industries reported a solid second quarter for 2015. Profit over the three-month period was up 56 percent...