layoffs

Sequestration would force the Defense Department and other federal agencies to lay off workers long before the defense industry had to, said a report released today by the Center for Strategic and Budgetary Assessments.

Though big defense contractors, led by Lockheed Martin, have warned that the threat of sequestration might require them to send layoff notices to tens of thousands of employees just before the November elections, CSBA’s Todd Harrison said the effects of sequestration on defense companies would be delayed for months or years. Keep reading →