Connecticut defense firms first in line to fall over fiscal cliff (CT Mirror)

November 8, 2012 – Among the first to fall over the federal government’s looming fiscal cliff will be defense contractors, including those who employ tens of thousands of people in Connecticut. The impending financial calamity has prompted the defense industry to prepare for layoffs — especially since a federal law requires  them to give their employees 60-day notices. Sikorsky Aircraft Corp. is among the many defense contractors that could soon send out pink slips to their workers. “We’re in close contact with our customers and government officials, and at this time have not made any decision about … notices,” said Sikorsky spokesman Paul Jackson. “We continue to monitor, review and follow federal agency guidance to ensure we comply with the law and keep our employees informed.” The Aerospace Industries Association has estimated that sequestration could put more than 36,000 jobs in Connecticut at risk. The National Association of Manufacturers says there could be more layoffs, as many as 50,000.

Link to Full Article: http://ctmirror.com/story/18156/connecticut-defense-firms-first-line-fall-over-fiscal-cliff

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