SRA plans layoffs from lost contract

SRA warns 222 employees that they could lose their jobs on Jan. 1 because of lost FDIC contract.

SRA International is warning about 222 employees that they face layoffs come Jan. 1, the Washington Business Journal is reporting.

The employees were given notice under the Worker Adjustment and Retraining Notice Act, which requires 60-day notice of a possible layoff. The company said that it will try to find new positions inside SRA for as many employees as possible.

The SRA employees to be laid off are working on a large FDIC contract that SRA has lost. That contract ends Dec. 31.

The company has filed a protest over the award, but a ruling is not due until Jan. 30. The contract represented about 9 percent of the company’s revenue last year.