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Detailed text transcripts for TV channel - FOXNEWS - 20120801:22:34:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120801:22:34:00

They would all receive pink slips days before the election. by law, they must notify workers 60 days before the layoff are going to occur. in 2007, senator barack obama cosponsored effort to strengthen that law. we must ensure that workers are not left in lurch without a job or a paycheck. on monday, department of labor with full knowledge of the president said they do not need to issuepick slips for those who might lose their job. he said to provide notice would be inconsistent with the purpose of the warren act. defense contractors say the white house is trying to intimidate them to not, i p...

Detailed text transcripts for TV channel - FOXNEWS - 20120731:11:27:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120731:11:27:00

Right here i had the law in front of me that says they have to do it within 60 days. january 2, so that's november 2. the president doesn't want them going out five days before the election. but this is the part of the law that no one has said anything about. the warren act states that any employer who orders a plant closing or mass layoff in violation of section 3 shall be, listen, liable to each agreed employee who suffers an employment loss as a result of such closing layoff. you can't not comply with the law. put yourself on the board of directors of lockheed martin. if they came out with ...

Detailed text transcripts for TV channel - FOXNEWS - 20120731:20:04:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120731:20:04:00

Hearing with several leaders in the defense contracting industry. with lockheed martin, also with prosecute -- pratt whitney and they said they will have to follow the warren act a 1998 law. as you brought out in your initial segment, you could open yourself up for lawsuits if you do not provide this warning. you see an obama administration looking at what a pentagon official talked about, about the warren act and the fact the noticed have to go out and they want to pick and choose which laws to adhere to. this is politically motivated coming from the administration and from the department of ...

Detailed text transcripts for TV channel - FOXNEWS - 20120731:11:09:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120731:11:09:00

Notice would not happen of the but congress could still come up with some sort of a deal to not let these cuts go into effect. they have nill december 31 to do that. before january 2 when they would automatically happen. >> brian: it would kill the defense department. what's got to be going on if you bring it into the fall and winter. >> steve: keep in mind, that's if they make a deal. if they don't make a deal before the election by federal mandate under the warren act, they've got to warn people that it looks like, according to our callouses right now, come the first of the year, you're goin...

Detailed text transcripts for TV channel - FOXNEWS - 20120731:11:07:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120731:11:07:00

Defense, that when they came up with the super committee rules, they figured they will come up with some sort of decision 'cause they'll never let the cut goes into effect. >> steve: so there is this law on the book called the warren act that says if they're going to -- if there are going to be big layoff, you have to let people know 60 days out, which as it ounce out, would be four days before the general election. keep in mind, dollar number of swing states, like north carolina, also virginia and florida with a heavy dod employment record. those swingers in those states, if they see the layo...