Professor: Layoffs by defense contractors may become more common

Professor David Cadden

Professor David Cadden

Electric Boat officials recently announced that 115 union employees will be laid off this January.

David Cadden, a professor in the Department of Entrepreneurship and Strategy in the School of Business at Quinnipiac University, is available to comment.  

“Unfortunately, this may become a common scenario with many defense contractors,” he said. “Between the sequester and cuts to the overall defense budget, contractors are concerned about future demand for many of their projects. As a precautionary move, many contractors anticipating declines in the volume of their contracts are beginning to lay off personnel. Electric Boat failed to secure a contract to refurbish the damaged USS Miami submarine. It’s one more instance of Congress’ failure to provide a coherent budget that would enable contractors to better allocate their resources and perhaps maintain staff.”

To speak to Cadden, call John Morgan, associate vice president for public relations, at 203-206-4449 (cell) or 203-582-5359 (office).



Categories: hot topics, news, School of Business and Engineering

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