Statement Regarding Recent OMB, DOD Guidance and Sequestration-related WARN Notices
BETHESDA, Md. Oct. 2, 2012 – “After careful review of the additional guidance provided by the Office of Management and Budget (OMB) and the Department of Defense (DOD), we will not issue sequestration-related WARN notices this year. The additional guidance offered important new information about the potential timing of DOD actions under sequestration, indicating that DOD anticipates no contract actions on or about 2 January, 2013, and that any action to adjust funding levels on contracts as a result of sequestration would likely not occur for several months after 2 Jan. The additional guidance further ensures that, if contract actions due to sequestration were to occur, our employees would be provided the protection of the WARN Act and that the costs of this protection would be allowable and recoverable.
We remain firm in our conviction that the automatic and across-the-board budget reductions under sequestration are ineffective and inefficient public policy that will weaken our civil government operations, damage our national security, and adversely impact our industry. We will continue to work with leaders in our government to stop sequestration and find more thoughtful, balanced, and effective solutions to our nation’s challenges.”
- See the Employee Memo from Bob Stevens, Chairman and Chief Executive Officer and Chris Kubasik, Vice Chairman, President and Chief Operating Officer
- Learn more about sequestration and how you can take action