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VT, which is trying to reduce its reliance on the defense sector by moving into business services, said a combination with Babcock would be a step backward for it, increasing its exposure to expected cutbacks by Britain's Ministry of Defense.
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The catalyst has been the expected cutback in Federal Reserve stimulus, which is marking an impending end not only of the cheap cash and ultra-low interest rates for Americans, but a new era for developing countries that lived high off the hog on the Fed's easy-money policies after the financial crisis.
Executives in some Time Warner divisions say they have been told to expect cutbacks, at least in some support areas like the legal and information technology departments and human resources.
"In return for these whopping fare increases, rail travellers can expect cutbacks to services and more unmanned stations, creating safety risks for those travelling at unsociable hours".
ABC employees said they expected the cutbacks would affect 300 to 400 people, or roughly 25 percent of the news division's work force.
"I would have expected some cutback in terms of salary or compensation," he said.
They said they expected a cutback in lucrative producer deals, which commit producers to the studio, a carryover from the free-spending days of Robert Daly and Terry Semel in the 1990's.
Colletti said he did not expect any cutbacks in resources.
If this is going on already, what can we expect with cutbacks?
American and British officials said that they did not expect any cutbacks to curtail Britain's capabilities to fight in Afghanistan over the next five years.
Union officials said that they had been expecting some cutbacks, but warned that the plant might be understaffed if demand is strong.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com