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Government Shutdown Forces Lockheed Martin to Furlough 3,000 Workers

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With the federal government shutdown dragging on, Lockheed Martin (NYSE: LMT  ) said it is furloughing 3,000 employees beginning Monday and warned more furloughs could be on the horizon if the shutdown continues.

Furloughed employees include those who could not work because the government facility where the work is performed is closed, their work requires government inspection, or if the company received a specific stop work order.

Additionally, the company said the number of employees affected is expected to increase weekly in the event of a prolonged shutdown.

"I'm disappointed that we must take these actions and we continue to encourage our lawmakers to come together to pass a funding bill that will end this shutdown," said Lockheed Martin President and CEO Marillyn A. Hewson said. "We hope that Congress and the administration are able to resolve this situation as soon as possible."

Lockheed Martin's announcement follows Wednesday's news that United Technologies (NYSE: UTX  ) would be furloughing 2,000 employees if the shutdown continued through the weekend. The furloughs will hit employees at the company's Sikorsky Aircraft locations in Stratford, Conn., West Palm Beach, Fla., and Troy, Ala. The company said if the shutdown continues through next week the furloughs will double to 4,000, and could exceed 5,000 employees if the shutdown continues into November.

Republicans and Democrats are locked in a stalemate over budget allocations and various issues related to health-care reforms. On Thursday, President Obama canceled his planned trip to Asia as a result of the shutdown. 

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  • Report this Comment On October 05, 2013, at 10:18 AM, peckbill wrote:

    If the members of the Republican Party have a deep and lasting desire to have the Patient Protection and Affordable Care Act (Nickname Obamacare) apply equally to all people under the Constitution of The United States of America and they possess the same desire to operate under a balanced budget, the GOP will draft, vote upon and send to the States for ratification a 28th Amendment of the United States Constitution. In the meantime they should back off on changing or defunding the Patient Protection and Affordable Care Act (Nickname Obamacare), approve additional spending and get on with the business of managing a Country. No rider(s) may be attached to this legislation. If the GOP is only bellowing words to get support from the people for false reasons they will continue their tantrum and display of childish mannerisms.

    Proposed 28th Amendment to the United States Constitution:

    “Congress shall make no law that applies to the citizens of the United States that does not apply equally to the Senators and/or Representatives; and, Congress shall make no law that applies to the Senators and/or Representatives that does not apply equally to the citizens of the United States. Any waiver to this amendment must be approved by seventy five (75^) of the individual House of Representatives and Senate; and legislation to waiver an existing bill or law may ne considered only once in application to a specific entity. Within seven (7) years of Constitutional adoption of this amendment any and all laws, not obsolete by date specific application, shall be reviewed and changed according to the writing of this amendment. Except in time of War as defined below, no deficit spending, borrowing on future funds, borrowing from other entities or other mechanism to meet budget requirements will be allowed. For purposes of this section, “War” shall be defined as hostilities declared by the President of the United States in his Constitutional role as Commander-in-Chief, and duly authorized by the Congress under the terms of the “War Powers Act” of 1973. Any funds borrowed shall be used exclusively for executing that War and shall be re-paid entirely no later than 15 years from the end of the War.”

  • Report this Comment On October 05, 2013, at 10:19 AM, peckbill wrote:

    We must begin today. All members of the House of representatives come up for re-election in November 2014. All REPUBLICAN MEMBERS OF THE HOUSE OF REPRESENTATIVES share responsibility for the government shutdown that occurred on October 1, 2013. We, the people, must demonstrate, by voter participation that we, the people, are in charge of the United States of America. We, the people, MUST NOT vote for any Republican to fill a position in the United States of America House of Representatives. Remember what these people have done to American people in the past few years. On 1 October 2013 the House Republican/Tea Party members of the Congress shut down the United States government because they did not get their way and cut 150 million people out of available medical care by eliminating the Patient Protection and Affordable Care Act (the GOP voted more than 40 times but failed every time); these actions would expose America to foreign threats and economic poverty; the GOP does everything it can to make sure the poor remain poor and the middle class is reduced to poverty. They could not accept that the President of the United States of America was black. Look at other crippling changes supported by the same GOP/Tea Party members, 1) in 2006 they enacted a law requiring advanced money payments that has crippled the U.S. Postal Service to the extent that it is now threatened with enormous cuts and restrictions on services, 2) they enacted laws and made adjustments in federal and state operations that greatly cripple women rights and basically tell women, you are a second class citizen, you don’t count, and 3) they fights, every day, to cut much needed services such as Social Security, retirements, including military capability, that makes America appear to all foreign countries as a downward spiraling Nation without leadership, 4) they demand drastic reductions in the food stamp program that is needed to insure our hungry, mostly single mothers and kids, are fed at the minimum healthy levels(enforcement of the proper enactment process would greatly eliminate much of the waste and abuse in all these areas), 5) supports legislation in every state that would restrict voting rights of blacks, Hispanics and whites that support Democratic candidates or beliefs, and 6) openly supports the Heritage Foundation, an extremely conservative organization that is at best un-American. We must replace these radical members of the United States Congress and show them that, we, the people, still run this Country. Should the GOP candidate have no challenger write in the name of your local Police Chief or someone else you an trust.

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9/27/2016 4:02 PM
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