Lockheed CEO: Company Will Issue WARN Act Notices Under Sequestration

By Courtney Albon / October 24, 2012 at 8:50 PM
Lockheed Martin will issue WARN Act notices to employees impacted by sequestration should the measure take effect in the new year, the company's chief executive officer said today. During the company's third-quarter earnings call this afternoon, Robert Stevens said speculation that the company's decision not to issue Worker Adjustment and Retraining Notification (WARN) Act notices in November is political in nature is "absolutely wrong" and "inaccurate." If sequestration is implemented, Stevens said, the company would issue the required 60-day notices...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.