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Lockheed, BAE say they won't issue layoff notices if sequestration takes effect

Lockheed Martin will not issue layoff notices known as Worker Adjustment and Retraining Notification (WARN) notices if the automatic, across-the-board cuts known as sequestration take effect Jan. 2.

Tags: Lockheed Martin , sequestration , budget , layoff , contractor

Tuesday - 10/02/2012, 08:40am EDT