Log in to use our free company, program and sector update tracker feature.
 

Front page

Bell reduces workforce

Officials at Bell Helicopter announced today that the company would lay off approximately 500 workers.  This represents about four percent of the Bell Helicopter workforce and includes a 20 percent reduction in the management-level staff. 

This layoff was triggered by the U.S. Department of Defense's recent termination of the ARH-70A helicopter development contract, including the impact of the loss of the planned production contract.

In accordance with government regulations, Bell will provide pay and benefits to the affected employees for 60 days following the date of their layoff notice. Bell will also provide severance pay in accordance with standard company policy

Commenting on the layoff, Richard Millman, president and CEO of Bell Helicopter, said, "With the loss of the ARH-70A program, we must make changes in our staffing and structure to reduce costs and ensure that our products remain competitive.  Staffing decisions are always difficult, especially in light of the global economic conditions. Our actions are intended to ensure that we retain the talent most needed for the projected business environment and treat every affected employee fairly and with respect and dignity."

Employees affected by the layoff are being notified today.  Bell Helicopter has made arrangements to provide each employee with post-employment support through the services of an outplacement firm and the Texas Workforce Commission.

Press release issued by Bell Helicopter Textron on October 29, 2008

 

 Contact details from our directory:
Bell Helicopter Textron Airframer

Enhanced listings:


Capacitec
Capacitec Gapman Gen3 portable “electronic feeler gauge” measures very small gaps (200 microns) in airframe parts assembly

Peli Hardigg UK
Peli-Hardigg is the world’s largest manufacturer of aerospace approved reusable plastic shipping and storage containers, built to last a lifetime.

Attwater Group
Attwater are manufacturers and machinists of thermoset, high pressure composite sheets to recognised international standards.

MW Industries, Inc
Design and manufacture springs, fasteners and related products for aerospace including: engine components, flight controls, propulsion, landing gear, interiors and avionics.

Dexmet Corporation
Dexmet MicroGrid® an innovative product line that help improve the composite aircraft withstand the rigors of a lightning strike.

See our advertising tariff.

 

8
data pages remaining in monthly quota for non-subscribers

© Airframer Limited, operated under licence by Stansted News Limited 2018. Terms & Conditions of reading. Privacy policy