Regional
9:42 am
Wed March 14, 2012

Report: Lab Cuts Will Cost New Mexico Businesses $30+ Million

 

POJOAQUE, N.M. (AP) — Budget cuts at the nation's premier nuclear facility are expected to cost northern New Mexico businesses more than $30 million in lost contacts.

The Los Alamos Monitor reports (http://bit.ly/wPv5Nv) that Los Alamos National Laboratory Executive Director Richard Marquez told an audience this week at the Cities of Gold Hotel and Casino that's how much in loses the area should expect.

Lab officials last month announced plans to reduce their permanent full-time workforce by between 400 and 800 employees this spring, or as much as 11 percent.

Under the program, the lab says about 7,600 workers are eligible for a buyout.

In addition to those highly publicized voluntary buyouts, the lab is also looking to cut $150 million in goods and services because of decreased revenue.

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Information from: Los Alamos Monitor, http://www.lamonitor.com

Copyright 2012 The Associated Press.