When the Apollo spacecraft program ended in the 1970s, many companies

QUESTION

When the Apollo spacecraft program ended in the 1970s, many companies in the U.S. aerospace industry lost substantial government contracts. Some companies even closed permanently.

What happened to many of the employees working in this industry?
A) They were terminated.
B) They were suspended.
C) They were laid off.
D) They were transferred.
E) They were downsized.

ANSWER

Answer: E
Explanation: E) Downsizing is a permanent dismissal with no chance of being rehired later, but the dismissal is not for cause, such as poor employee performance. Downsizing occurs when a company is decreasing its operations or heading toward closure.