She was laid off in October as a financial analyst at Electric Boat, the submarine builder, which cut 700 jobs.

It is one of two nuclear-powered submarine builders.

Animosity between the two submarine builders has been growing.

Electric Boat and Newport News are the nation's only submarine builders.

One reason for this was that a rival firm of submarine builders got wind of the treasure, and tried to get ahead of the Swifts in recovering it.

Our man in place at the greatest submarine builders in the world will be very efficient.

The layoffs will be spread among Electric Boat operations in several states, said Neil D. Ruenzel, a spokesman for the submarine builder.

Peter Madsen is an artist, submarine builder, aerospace engineer, entrepreneur and co-founder of Copenhagen Suborbitals; a private spaceflight company.

Of the employees laid off Monday, 415 are salaried staff and 167 are hourly, Neil Ruenzel, a spokesman for the submarine builder, said.

The submarine builder currently has a backlog of only five craft, with two scheduled to be delivered to the Navy this year.