Sequestration And The WARN Act: Fiscal Cliff Part 1
December 19, 2012, 1:24 PM EST
Law360, New York (December 19, 2012, 1:24 PM EST) -- As 2013 approaches, government contractors and others are beginning to plan for a deficit-driven plunge over the "fiscal cliff." Bipartisanship reigned in and outside the Beltway following recent election results but only for a few days. Since then, the markets have been frothy, reflecting most immediately the possibility of automatic tax increases at the end of December and federal spending cuts early next year.
The federal Worker Adjustment and Retraining Notification Act mandates that covered employers provide a 60-day notice of a "mass layoff" or "plant...