Panetta: Layoffs Unlikely Over 'Fiscal Cliff'

By: AP Email
By: AP Email

WASHINGTON (AP) - Defense Secretary Leon Panetta is assuring Pentagon workers they will not face layoffs immediately if the government cannot avert the year-end federal tax increases and spending cuts known as the "fiscal cliff."

In a letter to all Defense Department employees Thursday, Panetta said he does not believe the Pentagon's day-to-day operations would change dramatically in the days after the spending cuts went into effect.

He also said that if the Pentagon has to operate for an extended period on reduced funding, then layoffs or other personnel actions may have to be considered. He added that if layoffs are necessary, advance notice will be provided.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 184331171 -
Gray Television, Inc.