WASHINGTON (AP) — The Labor Department says federal contractors do not have to warn their employees about potential layoffs from across-the-board budget cuts Jan. 2.
A guidance letter sent Monday says it would be "inappropriate" for employers to send such warnings because it is still speculative if and where the $110 billion in automatic cuts might occur. Half would be in defense.
The letter comes days after a Pentagon official said Defense Department contractors could be sending layoff notices four days before the Nov. 6 presidential election. That prospect has unnerved the White House.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
