Defense Restructuring Costs: Information Pertaining to Five Business Combinations

摘要

Section 8115 of the Fiscal Year 1997 Department of Defense (DOD) AppropriationsAct requires us to examine restructuring costs of defense contractors involved in business combinations since 1993. In response, this report provides information on restructuring costs, including specific costs associated with workforce reductions and the services provided to workers affected by business combinations. It also identifies other funds used to help laid-off workers find new employment and describes why the effectiveness of restructuring costs used to assist laid-off workers in gaining new employment cannot be determined. In addition, the report discusses the extent of savings achieved from the business combinations relative to restructuring costs paid by DOD.