Mass layoffs loom large on defense industry horizon

03-30-2012, 04:19 PM

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Mass layoffs loom large on defense industry horizon

Mass layoffs loom large on defense industry horizon

03-30-2012 12:00 AM

The U.S. defense industry might experience hundreds of thousands of layoffs if members of Congress don't take action to head off an additional $500 billion in defense budget cuts that could take effect in January 2013, a top Pentagon official told Congress.

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