According to an article in the Star-Telegram Dallas-Fort Worth residents are facing massive job losses again. Bell Helicopter is cutting 500 jobs after losing a big defense contract with the U.S. Army. The Pentagon decided to cancel the Army's $5 billion-plus contract with Bell to develop the ARH-70A Armed Reconnaissance Helicopter earlier this month. The layoffs began this Tuesday, right on the heels of other major layoffs in the Dallas- Fort Worth area.
Bell Helicopter plans to layoff employees on all levels, including 40 upper-management positions and a large number of engineers, marketing employees and other white-collar workers. Only 20 manufacturing workers will experience job losses .
The job losses will leave 6,500 employees at Bell's Fort Worth plants and offices and 11,000 worldwide.