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Lockheed accepts Obama’s ‘guidance’ and will delay sending tens of thousands of layoff notices until after the election
Michelle Malkin
Doug Powers
10/1/2012
Excerpt:
"As we discussed on Saturday, the Obama administration has offered to cover expenses (court-ordered penalties, severence costs, etc) for contractors willing to ignore the WARN Act by delaying sending layoff notices to tens of thousands of their employees who will likely be hit by Pentagon budget cuts.
Following up on that, today, Lockheed Martin said “count us in”:
We’ve seen bank bailouts and auto bailouts — welcome to the Obama re-election effort bailout."
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View the complete article at:
http://michellemalkin.com/2012/10/01...-obama-layoff/
Michelle Malkin
Doug Powers
10/1/2012
Excerpt:
"As we discussed on Saturday, the Obama administration has offered to cover expenses (court-ordered penalties, severence costs, etc) for contractors willing to ignore the WARN Act by delaying sending layoff notices to tens of thousands of their employees who will likely be hit by Pentagon budget cuts.
Following up on that, today, Lockheed Martin said “count us in”:
Lockheed Martin said Monday it will not issue employee layoff notices this year, ending an election-year showdown with the Obama administration.
The company said it based its decision on new guidance issued Friday by the Office of Management and Budget and the Pentagon.
The guidance said the Pentagon did not anticipate killing any contracts on Jan. 2, the day automatic spending cuts are set to begin hitting defense spending. The guidance also said the federal government would cover severance costs that are mandated under a federal layoff notices law.
The decision by Lockheed means tens of thousands won’t get layoff notices days before Election Day, which might have cast a crucial blow against President Obama’s reelection chances.
Republicans argue that last week’s guidance was a politically motivated effort by the administration to protect Obama ahead of the election.
The company said it based its decision on new guidance issued Friday by the Office of Management and Budget and the Pentagon.
The guidance said the Pentagon did not anticipate killing any contracts on Jan. 2, the day automatic spending cuts are set to begin hitting defense spending. The guidance also said the federal government would cover severance costs that are mandated under a federal layoff notices law.
The decision by Lockheed means tens of thousands won’t get layoff notices days before Election Day, which might have cast a crucial blow against President Obama’s reelection chances.
Republicans argue that last week’s guidance was a politically motivated effort by the administration to protect Obama ahead of the election.
We’ve seen bank bailouts and auto bailouts — welcome to the Obama re-election effort bailout."
....................................
View the complete article at:
http://michellemalkin.com/2012/10/01...-obama-layoff/