The Defense Finance and Accounting Service -- a 16,000-member accounting cadre that processes payrolls and invoices and administers military trust funds for the armed forces -- will face a massive restructuring that includes site closures and layoffs.
The DFAS cutback, announced as part of last week's decision by the Department of Defense to close 33 military bases, includes shuttering more than 20 locations across the country and instituting layoffs that could potentially approach 13,000 by the year 2011. Most of those furloughs would be civilians.
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