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US Military: Contractors Say Defense Cuts Mean Layoffs and Chaos

 
Anonymous Coward
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06/25/2012 05:48 AM
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US Military: Contractors Say Defense Cuts Mean Layoffs and Chaos
With no guarantees that Congress will block deep new defense spending cuts scheduled to kick in early next year, major defense contractors and their suppliers are bracing for the worst.

Lockheed Martin Corp., the Defense Department’s largest supplier, said this week that it may have to shut down at least 10 percent of its weapons production next year, forcing massive layoffs and wreaking havoc with suppliers who could miss out on hundreds of millions of dollars of business.
Boeing Co. says it has begun paring its workforce, consolidating manufacturing facilities and cutting overhead. The company’s defense division already shed about 8,000 of 60,000 jobs during the past 18 months.
General Dynamics says it fears substantial losses in its Information Science and Technology products division, especially if the government cuts corners or puts off purchasing Internet software and cyber protection programs, which now seems the case.


[link to www.thefiscaltimes.com]

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Anonymous Coward (OP)
User ID: 93991
Portugal
06/25/2012 05:53 AM
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Re: US Military: Contractors Say Defense Cuts Mean Layoffs and Chaos
Contractors don't want defense cuts. What is the best way to avoid defense cuts!? A new enemy and a new war...
Anonymous Coward
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06/25/2012 05:56 AM
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Re: US Military: Contractors Say Defense Cuts Mean Layoffs and Chaos
This is their nature.
Anonymous Coward
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06/25/2012 06:55 AM
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Re: US Military: Contractors Say Defense Cuts Mean Layoffs and Chaos
Lockheed Martin Corp., the Defense Department’s largest supplier, said this week that it may have to shut down at least 10 percent of its weapons production next year, forcing massive layoffs and wreaking havoc with suppliers who could miss out on hundreds of millions of dollars of business.
Boeing Co. says it has begun paring its workforce, consolidating manufacturing facilities and cutting overhead. The company’s defense division already shed about 8,000 of 60,000 jobs during the past 18 months.
General Dynamics says it fears substantial losses in its Information Science and Technology products division, especially if the government cuts corners or puts off purchasing Internet software and cyber protection programs, which now seems the case.

 Quoting: Anonymous Coward 93991





Good!

At least it's a good start. We need to cut back the military 90%, close our foreign bases and bring our troops home.
Wild Nature

User ID: 17484906
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06/25/2012 06:58 AM
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Re: US Military: Contractors Say Defense Cuts Mean Layoffs and Chaos
Lockheed Martin Corp., the Defense Department’s largest supplier, said this week that it may have to shut down at least 10 percent of its weapons production next year, forcing massive layoffs and wreaking havoc with suppliers who could miss out on hundreds of millions of dollars of business.
Boeing Co. says it has begun paring its workforce, consolidating manufacturing facilities and cutting overhead. The company’s defense division already shed about 8,000 of 60,000 jobs during the past 18 months.
General Dynamics says it fears substantial losses in its Information Science and Technology products division, especially if the government cuts corners or puts off purchasing Internet software and cyber protection programs, which now seems the case.

 Quoting: Anonymous Coward 93991





Good!

At least it's a good start. We need to cut back the military 90%, close our foreign bases and bring our troops home.
 Quoting: Anonymous Coward 7701204


Imagine those 900,000 troops taking your jobs from you. ;-) chuckle
Anonymous Coward
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06/25/2012 06:59 AM
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Re: US Military: Contractors Say Defense Cuts Mean Layoffs and Chaos
I mean I feel so sad for these companies.

How many people have they assisted in killing/maiming?

How many people have they separated from their families?

How many countries economies have they destroyed?
Anonymous Coward
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06/25/2012 07:00 AM
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Re: US Military: Contractors Say Defense Cuts Mean Layoffs and Chaos
An open admission that the Pentagon is just a huge welfare scheme, and that all the defense contractors are just useless parasites sucking the taxpayers dry.

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