General Dynamics (GD) shipbuilding unit NASSCO has warned over 1,000 workers of indefinite...

General Dynamics (GD) shipbuilding unit NASSCO has warned over 1,000 workers of indefinite layoffs that may take effect in late April due to the uncertainty caused by the automatic spending cuts that kicked in on Friday. The warning follows one by BAE Systems last week. The reductions will chop the Pentagon's budget by 7.8%, with all major defense contractors set to be hit.

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Comments (2)
    , contributor
    Comments (59) | Send Message
    7.8% should be NO problem. And, unfortunately, the sequester is the only way to ever cut the Pentagon. It isn't the Pentagon's fault is Congress' fault. Congress won't let the the Pentagon make smart cuts...they have people like John "Boner" who thought we needed 3 engines for every F-35, just because the engine factory was in his district. It's bad enough that the Speaker himself is the poster child for wasteful spending, but there are pork projects in every district that hamper the Pentagon's ability to be smart with OUR money. Let's hope they can avoid cuts to the VA.
    5 Mar 2013, 09:47 AM Reply Like
  • Stonecutter12
    , contributor
    Comments (89) | Send Message
    Way to go King B.O. This will really bring down the unemployment rate!!!l
    6 Mar 2013, 03:16 PM Reply Like
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