PITTSBURGH -- Westinghouse Electric Corp., Maryland's largest employer, should record a profit in 1992, Chairman Paul E. Lego said today. But he warned that his forecasts have been wrong in the past, referring to an overly optimistic outlook in 1990 for the 1991 year.
But an improvement in the economy this year and cost-cutting measures implemented last year might enable the company to be profitable in 1992 and avoid large-scale job cuts, Mr. Lego said.
Last year, Westinghouse cut at least 4,000 jobs as a result of its financial trouble.
Many of those cuts came in Maryland, where the Westinghouse Electronic Systems division makes radar and other defense-related products. The plant, near Baltimore-Washington International Airport, has been diversifying into non-defense areas, including home security and postal service equipment.