October 10, 2012

Taxpayers Could Face ‘Billions’ in Legal Costs - Lockheed Martin to Refrain From Layoff Notices

Taxpayers Could Face ‘Billions’ in Legal Costs Due to Administration Asking Lockheed Martin to Refrain From Layoff Notices

Lockheed Martin has reversed its decision to send layoff notices to many of its employees shortly before the election, after some serious pressure from the Obama administration. (Lockheed is concerned the sequestration defense cuts, which will take effect January 2 barring Congressional action, will force it to layoff employees.) …. But in a new letter, Senators Chuck Grassley and Kelly Ayotte are demanding answers as to why the administration agreed that taxpayers would cover any legal expenses Lockheed faces as a result of not giving employees a 60-day layoff notice, as required by the WARN Act
Posted by Jill Fallon at October 10, 2012 10:57 AM | Permalink