Best Read Friday - Government Shutdown Now Impacting Large Corporations

Instability with Gov't Contracts...

Confirmation of my posting on Monday (The 2013 Government Shutdown Affect On Business) is the recent announcement from Lockheed Martin of furloughing approximately 3000 workers.  Lockheed Martin primarily has federal funding for projects sponsored by the government, which is the crux of their business.

With no contingency plan in place for government issues or non-payment, contract managers were forced to lay off workers who were on assignment with a project directly related to government entities that were forced to close during the government shutdown.  

Read this article to see why the business continuity and project planning or lack thereof contributed to 3000 people from corporate America being additionally affected.  

Be sure to check back next week where the posts will specifically focus on business continuity planning to protect the company, the employees, and the data.

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Posted in: 2013 government shutdown,business continuity,business expert,furloughed workers,Government Shutdown,Lockheed Martin,Temeko Richardson