BAE could face job cuts

By Lorne Fultonberg

BAE could face job cuts

March 4, 2013 Updated Mar 5, 2013 at 8:30 AM EST

Endicott (WBNG Binghamton) Local defense companies could soon feel the effects of the federal government's $85 billion spending cuts.

BAE Systems, which has its corporate headquarters in Endicott, says the effects of the so-called sequester could be devastating.

In a statement, the company says it could lose about 4,000 jobs nationwide, which is about 10 percent of its workforce.

“We at BAE Systems – like military leaders, most national security experts and defense and aerospace industry workers – urge Congress to act immediately to reverse the automatic and across-the-board cuts to defense spending from sequestration which occurred on March 1," the statement said.

"If these dire warnings are not heeded and sequestration is permanent, the indiscriminate nature of these cuts will have a devastating impact on our national security strategy and the strong industrial base needed to support our armed forces now and in the future."

BAE has not said how many of the job cuts would take place in Endicott, but it has said that it will notify any potentially impacted employees in advance of any action.

Half of the $85 billion in cuts came as slashes to military and defense spending.