About $100 billion in automatic budget cuts set to hit the Pentagon in January would eliminate about 1 million jobs by 2014, the National Association of Manufacturers warns.
The losses would include about 750,000 private-sector positions, including abut 100,000 jobs in manufacturing, said the report by the Seattle Times.
Defense contractors and smaller suppliers are concerned about the cuts.
By law, defense contractors must notify employees in advance if they are going to lose their jobs. In many states, including Kansas. the requirement is 60 days.
With sequestration scheduled to take effect Jan. 2, unless action is taken, “You’re going to see pink slips flying in October from contractors across the country,” Rep. Randy Forbes, R-Va., told the Seattle Times.
