Site Map Icon
RSS Feed icon
 
 
 

Newsletter Sign-up
Sign-up for newsletter & email updates

View the Metaletter

(download a pdf) (view online)

Member Login
Username:

Password:


Not registered yet?
Click Here to sign-up

Forgot Your Login?
<< October 2014 >>
S M T W T F S
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31

SANDY'S WRATH: DONATE

Important Links
Atomic Projects & Production Workers Metal Trades Council
Metal Trades Council of Amarillo, Texas & Vicinity
Bremerton Metal Trades Council
EEOC Press Releases on Decisions
Wage and Hour Division
FLRA Court Opinions
FLRA Office of the Solicitor
Federal Service Impasses Panel
Labor Management Relations Index of Decisions FSIP
White House
Thomas/ Legislative Information on the Internet
The Library of Congress
Open Secrets Political Research
Center for Responsive Politics
Follow the Money--Track political cash flow
Federal Election Committee
Congressional Record
Resources for Laid Off Workers
Federal Workers Alliance
Sequestration Could Force Defense Contractors to Issue WARN Notices
Posted On: Oct 03, 2012

 

Workers at federal defense contractors across the country may see WARN notices go out as early as September if Congress cannot strike a bipartisan deal on the federal budget soon. In 2011 Congress was unable to agree to a bipartisan budget that combined cuts and revenue streams and instead kicked the can down the road. Their inability to come to an agreement will result in automatic sequestration effective January 2, 2013.

Sequestration will force $1.2 trillion of automatic spending cuts over 10 years, roughly half of that coming in defense spending.

Contractors, like Lockheed Martin, and Huntington Ingalls Industries say they will be forced to cut their workforce by as much as 10 percent if sequestration takes effect.

The potential new budget cuts come at a time when the Defense Department is already reducing projected spending by $487 billion over 10 years as required by the Budget Control Act passed by Congress last year.

Republicans in the House want to cut funding to many social safety net programs like Medicaid and Medicare and have refused to raise taxes. Democrats believe that tax revenue enhancements have to be part of the final plan. In a recent article in The Hill, House Armed Services Committee ranking member Adam Smith (D-WA) said, "My position is pretty straightforward. We have to find $1.2 trillion, revenue has to be part of it and we can't separate out defense. I don't want to see transportation and housing and education devastated any more than I want to see defense devastated."

 


 
 
Metal Trades Department, AFL-CIO
Copyright © 2014, All Rights Reserved.
Powered By UnionActive™

430076 hits since Jul 14, 2010
Visit Unions-America.com!

Top of Page image