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>> that's correct. it's the warren act, for all large companies, making significant layoffs, a sizable amount, like closing a plant. with the sequestration, we are facing $5 billion in defense cuts over 10 years fthey go into effect. so the contractors are worried, lockheed martin has said they were going to issue the notices to all 123,000 of their employees. >> greta: so the obama administration wasn't happy because they don't want that to go out to the employees. >> that's what the republicans are saying. >> greta: is there any doubt that the warren act applies to the defense contracts? >> ...

>> that's correct. it's the warren act, for all large companies, making significant layoffs, a sizable amount, like closing a plant. with the sequestration, we are facing $5 billion in defense cuts over 10 years fthey go into effect. so the contractors are worried, lockheed martin has said they were going to issue the notices to all 123,000 of their employees. >> greta: so the obama administration wasn't happy because they don't want that to go out to the employees. >> that's what the republicans are saying. >> greta: is there any doubt that the warren act applies to the defense contracts? >> ...