Page 3 - Warren Act News Today

Them out because cuts may not happen. one contractor said hes planing to tell his employees. >> you cant tell them, and that puts us as a maul business owner between a rock and hard spot. well help you but well help you if we go over the cliff. >> if they get sued for not sending out lay off notices. the government will pib pick up the tab. contractors will honor the request and hold off workers but two key republican senators sent a letter to 15 major defense contractors warning it is our fear ...

The obama administration trying to delay the pink slips from ever being sent out. mike emanuel as those from washington. >> reporter: thats a lot. and many are hoping that president and congress will work out a deal to avoid the cuts which secretary panetta said would be devastating, but a law called the warren act says if you expect to have that, hes going to be straight with the employees and says the uncertainty is rough. >> its the sequestration, what shall we tell our people? its akin to be...

Was ronounced dead. >> drivers in california are dealing with a severe case of sticker shock. the average price of gas tied an all-time state record of $4.61 set back in 2008 that is up 12 cents from yesterdays average. those are the top stories, uma. back to you. >> prices keep going up up. thank you very much. >> defense contractors are facing a dilemma with half billion worth of cuts. should they warn the employees or listen to the obama administration and not issue a 60 day notice. heres mor...

Before today and if they get sued for not doing so, theyll pick up the tab. contractors say theyll hold off telling workers, but two key republican senators, lindsey graham and john mccain sent a letter to contractors, quote, its our fear should you rely on that guidance and fail to comply with the warren act requirement youll be setting the company up legal repercussions and graham calls it disturbing. >> not only does it say the warren act. the precedent for the the united states, a precedent ...

>> well, absolutely. >> frankly, i am not enough of an economist to question exactly what those numbers are. our discussion about the warren act that just took place where there are blatant violations of the law, i wouldnt put anything past this administration. >> you know, these are sitting members of congress. >> yeah. >> alan west won, of course. we know his party. hes very conservative nap said, john mccain. are you surprised by his comments? >> im very surprised by his comment. all of those...

Pressure will be on. >>trace: and the clock ticks. some republican lawmakers are not too thrilled the way this is handles. >>reporter: that is right. the administration has told the defense contractors if they get sued for not sending outlay off notices, the government will pick up the tab. senator graham said this is typical president obama politics, being supportive of the warren act when convenient and against it when it creates political downside. this is the most outcome based white house i...

>>guest: it is immoral. i give you that one. >>neil: you lawyers dont care about that. is it illegal? >>guest: in the terrible times of waste and fraud, the idea that the president thinks that he can just dig into the taxpayers and pledge money, take taxpayers money and say we will pay all the legal bills, all the compensation, dont send out the noticed which you are oblige by law to do, they will try to get around it by saying there is in certainty that sequestration will actually occur because...

A second term. lockheeds announcement that it will not issue job layoffs come as a welcome sign to the white house and is following the office of management and budget that employers will not have to comply with the warren act, to warn workers they could lose their jobs. now the omb issued new guidance to further minimize the waste and disruption associated assoch the issuance of unwarranted notices, this memorandum provides guidance regarding the allow ability of certain liability and litigatio...

Walled the warren act and what that requires is that if there is going to be layoffs in defense industries, then the workers have to be notified 60 days ahead of time. that is a law. coincidentally if you count back from the first of january 2013 you are look at the first of january -- excuse me, the first of november of 2012 just before the election. that means people all over america in defense industries, jobs will lejob letts be notified they are losing their jobs. they are saying they dont ...

Walled the warren act and what that requires is that if there is going to be layoffs in defense industries, then the workers have to be notified 60 days ahead of time. that is a law. coincidentally if you count back from the first of january 2013 you are look at the first of january -- excuse me, the first of november of 2012 just before the election. that means people all over america in defense industries, jobs will lejob letts be notified they are losing their jobs. they are saying they dont ...