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GOP Frustrated Lockheed Won’t Warn Of Potential Layoffs

Julie Samuel
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Top Pentagon contractor Lockheed Martin [LMT] said yesterday it will not send employees warnings about potential layoffs resulting from “sequestration” cuts to the defense budget, pointing to White House guidance that has exasperated Republican lawmakers. President Barack Obama’s Office of Management and Budget (OMB) late last Friday reaffirmed July guidance from the Labor Department saying it would be inappropriate for government contractors to issue layoff warnings in line with the Worker Adjustment and Retraining Notification] WARN Act. That law requires…

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