The United States Army has announced that they are considering the possibility of cutting 8,000 solider and government civilian positions at Schofield Barracks and Fort Shafter on the island of Oahu. Facing budget cuts, the Army is forced to reduce their active-duty force from 562,000 positions to 490,000 positions by 2020. If the Army decides to reduce the number of soldiers in Hawaii, it would cost the state an estimated $391 million in annual income. The U.S. Army Environmental Command issued a statement stating, “The (assessment) is designed to inform decision-makers of potential socioeconomic and environmental impacts associated with proposed actions as these stationing decisions are made in the coming years. The specific locations where changes will occur have not been decided.”
Hawaii economists estimated that if the Army does decide to cut 8,000 soldier and government civilian positions in Hawaii, an additional 831 military service contract jobs would also be cut. Furthermore, an estimated 1,496 other jobs would be indirectly lost due as a result of reduced demand for goods and services. This would mean a total loss of about 10,327 jobs for the island of Oahu.
Source: Honolulu Star Advertiser, 1-19-2013, 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
