Lockheed Will Not Issue WARN Act Notices In 2012
Short form:
1) The “sequestration” issue, due to kick in January 2, means that the military budget will be cut
2) Budget cuts means that contractors will be forced to do layoffs.
3) Federal law means that companies with more than 100 employees need to provide employees 90 day warnings of layoffs, or suffer the wrath of lawsuits
4) The timing of the sequestration means that the 90-day notices will need to go out a few days prior to the elections.
Since the military cuts/layoffs would be laid right at the feet of the President who has done little to nothing to prevent them, this would be bad news. But wait! There’s good news! Lockheed has signed an agreement with the White House so that they *won’t* issue 90-day warnings for layoffs. And how can this be legal? Well, it ain’t. Thus Lockheed can expect lawsuits. So why would they agree to this? Because the White House is going to reimburse Lockheed for the cost of any lawsuits. And where will this money for Lockheed violating federal law come from? Why… you chumps, the taxpayers!
Awesome, yes?