Thursday, July 18, 2012
Furloughs: 10 Days to Go
As of this Monday, the work-weeks and paychecks for over 600,000 civilian defense department employees just got smaller. The first of 11 furloughed work days began this week, impacting upwards of 40,000 of the region's workforce. The individual lost wages average out to $1,000 a month, and our local economy may feel the pinch right alongside Hampton Roads' workers. We'll consider sequestration’s aftermath on today's HearSay and look ahead to the broad impact of ten weeks of furloughs.
Craig Quigley - Executive Director, Hampton Roads Military & Federal Facilities Alliance
William Crow - President, Virginia Ship Repair Association