According to the Pentagon, across the nation, 85 percent of civilian Defense Department workers will be furloughed because of sequestration cuts, saving the federal government $1.8 billion during the current fiscal year. Spokesman for the Pentagon, George Little, added, We're getting ahead of ourselves talking about layoffs at this stage. Right now we're in the furlough period, and no decisions have been reached about what may happen going forward."
For the state of Hawaii, federal sequestration cuts will mean that over 16,000 civilian workers in the state of Hawaii to take unpaid furlough days. Originally, it was estimated that Hawaii's Defense Department workers would have to take 22 unpaid furlough days to meet the new budget guides. However, this number has dropped in half to 11 unpaid furlough days. Still, it is estimated that the furlough days will put a dent in Hawaii's economy of approximately $134 million. Among those affected are 1,000 Hawaii Air and Army National Guard members, 6,000 Navy funded employees, 7,000 Army funded employees, and 2,000 Air Force and Marine Corps Base Hawaii civilians.
Source: Honolulu Star Advertiser, 7-9-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
