Electric Boat officials recently announced that 115 union employees will be laid off this January.
“Unfortunately, this may become a common scenario with many defense contractors,” he said. “Between the sequester and cuts to the overall defense budget, contractors are concerned about future demand for many of their projects. As a precautionary move, many contractors anticipating declines in the volume of their contracts are beginning to lay off personnel. Electric Boat failed to secure a contract to refurbish the damaged USS Miami submarine. It’s one more instance of Congress’ failure to provide a coherent budget that would enable contractors to better allocate their resources and perhaps maintain staff.”
To speak to Cadden, call John Morgan, associate vice president for public relations, at 203-206-4449 (cell) or 203-582-5359 (office).