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October 1, 2012
At White House Request, Lockheed Martin Drops Plan to Issue Layoff Notices
File under "It ain't cheatin' if ya win:" Defense contractor Lockheed Martin heeded a request from the White House today - one with political overtones -and announced it will not issue layoff notices to thousands of employees just days before the November presidential election. Lockheed, one of the biggest employers in the key battleground state of Virginia, previously warned it would have to issue notices to employees, required by law, due to looming defense cuts set to begin to take effect after Jan. 2. -- - ABC News
Posted by gerardvanderleun at October 1, 2012 9:46 PM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
"We will bail you out if we win... I swear!" Nobody is listening.
Posted by: Mike at October 2, 2012 3:46 AM
Let's ignore for the moment that notification is a federal law.
Does anyone believe that the workers at the affected companies do not have some idea of what is coming, notification or not? Every large company I ever worked at had an underground intelligence network (you can call it gossip) that may not have always been accurate, but was certainly aware of any bad times coming down the road.
Posted by: SteveS at October 2, 2012 10:25 AM
Mike, that bailout comes via the WARN Act law in which Congress states that penalties and fines for violations will be paid for by the taxpayers.
http://www.maggiesnotebook.com/2012/09/employers-ignore-warn-act-no-layoff-notices-if-sued-taxpayers-will-compensate-warn-a-democrat-law-reagan-refused-to-sign/
Posted by: Peccable at October 2, 2012 12:00 PM