White House Requests that Lockheed Martin Drop Plan to Issue Layoff Notices (http://abcnews.go.com/blogs/politics/2012/10/at-white-house-request-lockheed-martin-drops-plan-to-issue-layoff-notices/)
On Friday, the Obama administration reiterated that federal contractors should not issue notices to workers based on “uncertainty” over the pending $500 billion reduction in Pentagon spending that will occur unless lawmakers can agree on a solution to the budget impasse, negotiations over which will almost definitely not begin until after the election.
Contractors had been planning to send out notices because of the WARN Act — Worker Adjustment and Retraining Notification Act — which according to the Department of Labor requires “employers with 100 or more employees to provide notification 60 calendar days in advance of plant closings and mass layoffs.” - ABC News
Emphasis mine.
Now assuming that Siegle is being honest when he says...
…If any new taxes are levied on me, or my company, as our current President plans, I will have no choice but to reduce the size of this company.
He is actually required by law to say so.
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Date: 11/10/12 06:41 (UTC)White House Requests that Lockheed Martin Drop Plan to Issue Layoff Notices (http://abcnews.go.com/blogs/politics/2012/10/at-white-house-request-lockheed-martin-drops-plan-to-issue-layoff-notices/)
On Friday, the Obama administration reiterated that federal contractors should not issue notices to workers based on “uncertainty” over the pending $500 billion reduction in Pentagon spending that will occur unless lawmakers can agree on a solution to the budget impasse, negotiations over which will almost definitely not begin until after the election.
Contractors had been planning to send out notices because of the WARN Act — Worker Adjustment and Retraining Notification Act — which according to the Department of Labor requires “employers with 100 or more employees to provide notification 60 calendar days in advance of plant closings and mass layoffs.” - ABC News
Emphasis mine.
Now assuming that Siegle is being honest when he says...
…If any new taxes are levied on me, or my company, as our current President plans, I will have no choice but to reduce the size of this company.
He is actually required by law to say so.