General Dynamics unit, others issue layoff notices, blame U.S. budget cuts

[unhappycamper]

http://www.reuters.com/article/2013/03/05/us-usa-fiscal-layoffs-idUSBRE92400B20130305



General Dynamics unit, others issue layoff notices, blame U.S. budget cuts
By Adam Kerlin
Mon Mar 4, 2013 7:06pm EST

(Reuters) - General Dynamics (GD.N) NASSCO, a primary constructor of ships for the U.S. Navy, warned about 1,040 employees on Monday of indefinite layoffs that may come in late April due to uncertainty created by the automatic U.S. budget cuts that took effect last week.

The warnings come as military contractors weigh uncertainties over scheduled maintenance and repair work that may be put on hold as the federal government makes $85 billion in spending cuts.

The U.S. Worker Adjustment and Retraining Notification Act (WARN) requires most companies with 100 or more employees to give notification 60 days in advance of mass layoffs or plant closings.

Military contractors appear to be the hardest hit by the cuts because a large part the reductions are expected to come from Defense Department spending.

[meadowlark5]

1. I can't tell you how angry it makes me that congress's pay is exempt

They are federal employees - they should take a 20% pay cut between now and the end of September just like the rest of the federal employees. Better yet, they shouldn't get paid at all because they aren't doing anything. The dems are trying to push through jobs creating bills and gun laws and the repubs are putting forth job creating legislation on abortions, gay marriage bans and mandating creationism be taught in public school

Holding $174,000 from each member of the house and senate would save the country over $93mil in tax dollars. That sounds like a far better cut to govt spending than from the regular people who work for the govt.