Defense firms confirm layoff warnings
Sept 11, 2012 8:28:11 GMT -5
Post by popcorn on Sept 11, 2012 8:28:11 GMT -5
Defense firms confirm layoff warnings 
Major defense contractors have confirmed they’ll [glow=red,2,300]send tens of thousands of employee layoff warnings [/glow]shortly before Election Day, according to correspondence released Monday by Arizona Sen. John McCain.
McCain, the top Republican on the Senate Armed Services Committee, wants to jump-start congressional action to avert automatic, across-the-board budget restrictions set to take effect early next year. Hawks and defense vendors hope the threat of mass layoff warnings in late October will light a fire under a deadlocked Congress. Already, they point out the mere threat of the year-end “sequester” is hurting the defense industry and the broader national economy.
Read more: www.politico.com/news/stories/0912/81007.html#ixzz26ASEkJo6
Major defense contractors have confirmed they’ll [glow=red,2,300]send tens of thousands of employee layoff warnings [/glow]shortly before Election Day, according to correspondence released Monday by Arizona Sen. John McCain.
McCain, the top Republican on the Senate Armed Services Committee, wants to jump-start congressional action to avert automatic, across-the-board budget restrictions set to take effect early next year. Hawks and defense vendors hope the threat of mass layoff warnings in late October will light a fire under a deadlocked Congress. Already, they point out the mere threat of the year-end “sequester” is hurting the defense industry and the broader national economy.
Read more: www.politico.com/news/stories/0912/81007.html#ixzz26ASEkJo6
And I am just barely hanging in there myself. 
