Bell Helicopter Announces More Layoffs
Bell Helicopter, a major employer in Amarillo has announced around 1100 layoffs globally within the company.
Locally it is estimated 50 to 100 people could be laid off.
There are many factors playing a role in the cuts. Decreased production of the V-22 Osprey, while anticipated is a contributor. The global commercial orders and deliveries in the medium markets are dramatically lower than forecast. Additionally a falling demand for parts and sequestration are affecting Bell's profitability.
Since October, Bell has laid off 85 employees locally.