I just got off the phone with a recruiter who says that 300,000 layoffs are coming imminently to defense contractors. Obama gave them a waiver to not give notice until after the election.
An administration that doesn’t want layoff notices required by law going out days before the November election is telling defense contractors they don’t have to send them for the cuts required by sequestration.
As the heads of major defense contractors Lockheed Martin, EADS North America, Pratt & Whitney and Williams-Pyro testified recently before the House Armed Services Committee, they are bound by law to give employees 60 days’ notice if their jobs are going to be terminated as a result of sequestration cuts scheduled for Jan. 2.
Federal law under the WARN (Worker Adjustment and Retraining Notice) Act required employers to give workers a minimum of 60 days notice before potential mass layoffs.
That means layoff warning notices could go out to hundreds of thousands of workers just days before the presidential election, a prospect President Obama and his administration do not relish.