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Mon Oct 1, 2012, 12:03 PM

After Obama guidance, Lockheed won’t issue layoff notices this year

Source: The Hill

After Obama guidance, Lockheed won’t issue layoff notices this year
By Jeremy Herb - 10/01/12 11:10 AM ET

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.

Read more: http://thehill.com/blogs/defcon-hill/industry/259431-lockheed-martin-wont-issue-layoff-notices-this-year

8 replies, 3150 views

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Reply After Obama guidance, Lockheed won’t issue layoff notices this year (Original post)
kpete Oct 2012 OP
Kindly Refrain Oct 2012 #1
leftyohiolib Oct 2012 #2
Bette Noir Oct 2012 #3
DavidDvorkin Oct 2012 #4
Ash_F Oct 2012 #5
haele Oct 2012 #7
harun Oct 2012 #6
DCBob Oct 2012 #8

Response to kpete (Original post)

Mon Oct 1, 2012, 12:07 PM

1. Pentagon did not anticipate killing any contracts

 

Instead they'll just kill innocent civilians. Nyuck, nyuck, nyuck!

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Response to kpete (Original post)

Mon Oct 1, 2012, 12:15 PM

2. or threaten to pull their welfare

 

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Response to kpete (Original post)

Mon Oct 1, 2012, 01:04 PM

3. This will be news to my friend who just got laid off from Lockheed.

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Response to Bette Noir (Reply #3)

Mon Oct 1, 2012, 01:15 PM

4. Was your friend doing defence work?

Eons ago, I worked for Martin Marietta, now part of Lockheed Martin, on a NASA contract. I was laid off, along with a lot of my colleagues, even while MM was hiring in other areas. That happens a lot in the aerospace biz.

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Response to DavidDvorkin (Reply #4)

Mon Oct 1, 2012, 01:19 PM

5. It's easy for politicians to cut science. /nt

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Response to Bette Noir (Reply #3)

Mon Oct 1, 2012, 02:19 PM

7. If he just got laid off, it was for a different reason.

Not the current budget sequestration.

I've ridden the contractor pony ride long enough to know that the DoD's "fiscal year" ended last friday, and if Lockheed didn't win a particular contract or re-compete, a particular R&D project ended, or a program was cut from the POM budget last year, that's what caused your friend's layoff.

Been there, done that, collected the UI a couple times for a month or so until hiring for "the next contract" started up.

Haele

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Response to kpete (Original post)

Mon Oct 1, 2012, 01:25 PM

6. Blackmail

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Response to kpete (Original post)

Mon Oct 1, 2012, 06:56 PM

8. The WH must have already agreed to a deal with Republican leadership behind the scenes.

I still think there will be some cuts.. just not as drastic.

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