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US / General Dynamics: 1,400 layoffs

General Dynamics (GD.N) NASSCO, a primary constructor of ships for the U.S. Navy, warned about 1,040 employees on Monday of indefinite layoffs that may come in late April due to uncertainty created by the automatic U.S. budget cuts that took effect last week.

Chosen excerpts by Job Market Monitor 

Reuters

via General Dynamics unit, others issue layoff notices, blame U.S. budget cuts | Reuters.

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