Lockheed-Martin has heeded requests by the White House not to send out layoff notices to employees before the November 6th election - something they would be required to do under the WARN Act which requires 60 days notice of impending layoffs. Defense cuts would affect the swing state of Virginia and were mandatory under the budget sequestration scheme.
“We will not issue sequestration-related WARN notices this year,” Lockheed announced in a written statement. “The additional guidance offered important new information about the potential timing of DOD actions under sequestration, indicating that DOD anticipates no contract actions on or about 2 January, 2013, and that any action to adjust funding levels on contracts as a result of sequestration would likely not occur for several months after 2 Jan. The additional guidance further ensures that, if contract actions due to sequestration were to occur, our employees would be provided the protection of the WARN Act and that the costs of this protection would be allowable and recoverable.
“We remain firm in our conviction that the automatic and across-the-board budget reductions under sequestration are ineffective and inefficient public policy that will weaken our civil government operations, damage our national security, and adversely impact our industry. We will continue to work with leaders in our government to stop sequestration and find more thoughtful, balanced, and effective solutions to our nation’s challenges,” Lockheed said.
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