The United States Navy is going to be forced to make some tough budgetary decisions due to a federal budget shortfall. Admiral Jonathan Greenert, chief of naval operations, announced that nationally the Navy would be force to layoff a total of 1,121 temporary workers by the end of the year, place a freeze on hiring new civilians, and place a hold on many new research and development projects to trim the budget. All naval bases would be required to make financial sacrifices. For the state of Hawaii, a total of $110 million in savings would be required by the end of 2013. This would include many temporary workers having their jobs terminated in the next few months, canceling a $35 million repair job of a Pearl Harbor destroyer, and reducing base support and modernization by $75 million.
Iain Wood, the president of the Ship Repair Association of Hawaii and chief operations officer with Pacific Shipyards International, is in charge of the private shipyard workforce that would have done the $35 million of repairs on the destroyer USS Chafee. Wood noted that other surface ships were also slated for minor or major repairs over the next few years, and these too could be delayed or canceled. This could lead to the loss of several hundred jobs. Wood noted, “We’re obviously very concerned as an industry.”
Source: Honolulu Star Advertiser, 1-28-2013, 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
