Bell to lay off 325 workers as V-22 orders decline
Source: Fort Worth Star-Telegram
Another 325 employees are receiving pink slips at Bell Helicopter as the manufacturer continues to downsize in the face of declining defense spending, officials said on Monday.
The layoffs will affect managerial and non-managerial employees, as well as employees and members of the United Auto Workers Union Local 218 in Hurst, the company said.
The latest cuts, which will largely affect its Fort Worth operations, brings Bells total staff reductions to more than 700 since early 2013.
The company, which is a division of Rhode Island-based Textron, reported a drop in revenues of $76 million, or 8 percent, to $873 million, when Textron released its first-quarter earnings last week. The decline in sales was blamed on lower commercial and military aircraft deliveries, according to the report.
Read more here: http://www.star-telegram.com/2014/05/05/5793642/bell-to-lay-off-325-workers-as.html?rh=1#storylink=cpy
Read more: http://www.star-telegram.com/2014/05/05/5793642/bell-to-lay-off-325-workers-as.html?rh=1
Bell Helicopter CEO John Garrison attributed the new round of layoffs to continuing reductions in the nations defense budget.
AtheistCrusader
(33,982 posts)Doesn't have to be military hardware. It bothers me that these aren't in demand in the civilian space, since it's just a way of moving people/things from point a to b.
We need a lot more of that in the world.
Lurks Often
(5,455 posts)both to purchase, maintain and operate. I would expect that 99% of a private search/rescue/aid org needs can be met by far less expensive helicopters and/or light transport planes.
I think the V-22 is an interesting concept and of some real use to the military, but unless they can make them cheaper to built and probably easier to fly, I don't think the tilt rotor platform is going to be seeing a lot of use in the civilian world.
AtheistCrusader
(33,982 posts)A traditional helo is quite adequate. At a much lower cost.
Of course, this suggests it should go away entirely...
MADem
(135,425 posts)Spitfire of ATJ
(32,723 posts)BootinUp
(47,150 posts)Spitfire of ATJ
(32,723 posts)BootinUp
(47,150 posts)It will never be out of date.
Fuddnik
(8,846 posts)tawadi
(2,110 posts)and all the other rescue missions it has been on. Like Haiti.
Don't talk about what you don't understand.
MADem
(135,425 posts)POV.
It's not without certain capabilities, but it's expensive as hell and other platforms can do the job for far less.
http://www.defense-aerospace.com/article-view/feature/144961/v_22-%E2%80%98reputation-remake%E2%80%99-falls-flat.html
Jesus Malverde
(10,274 posts)Let work on a peace dividend for the people.