One of the largest builders of government’s aircraft carriers says he was forced to lay off nearly 100 workers â€“ including his own son.
The president of Virginia-based UHP Projects, Mickey Boyers said in an interview with Bloomberg NewsÂ that he had no choice but to lay off his son.
â€śI hired my son, my oldest son. He worked for me for a year, did a great job as a mechanicâ€¦went through the training process. I laid him off.â€ť
Boyers says his companies small size makes them unable to compete with larger companies such as General Dynamics, Lockheed Martin, and Newport News Shipbuilding.
â€śThey have enough critical mass to be able to withstand [cuts],â€ť he added.
The fiscal cliff of more than $600 billion in tax increases and reductions in defense and other federal programs, slated for the start of 2013 unless Congress acts, could deal additional blows to UHPâ€™s bottom line as government work dries up and demand for the companyâ€™s products falls, Boyer said.
See the video at Bloomberg News.