Sequester Could Cost Some Bell Employees Their Jobs | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.14.24

Airborne-Unlimited-05.15.24 Airborne-AffordableFlyers-05.16.24

Airborne-Unlimited-05.17.24

Fri, Mar 08, 2013

Sequester Could Cost Some Bell Employees Their Jobs

Company Offering Early Retirements To Those Over 55

In a effort to trim costs due to the sequester, Bell Helicopter said Wednesday that it would be offering early retirement packages to employees 55 and over. In a message to employees, CEO John Garrison wrote "we are expecting a decrease in military programs in the coming years. Sequestration remains a threat to our business."

The Fort Worth Star-Telegram reports that Bell offered a similar retirement package in 2012. This time around, the deal is being offered to non-union full-time employees with two years or more with the company.

Garrison said in the memo that it is still not clear what impact sequestration might have on the company, but that he is anticipating a "significant reduction in U.S. government spending."

Another company with a major presence in north Texas, Lockheed Martin, began offering lump-sum payments to employees with 25 years of seniority several weeks ago. According to the paper, the two companies combined account for 25,000 jobs in the region.

Bell did not provide additional details about the retirement package.

FMI: www.bellhelicopter.com

Advertisement

More News

Bolen Gives Congress a Rare Thumbs-Up

Aviation Governance Secured...At Least For a While The National Business Aviation Association similarly applauded the passage of the FAA's recent reauthorization, contentedly recou>[...]

The SportPlane Resource Guide RETURNS!!!!

Emphasis On Growing The Future of Aviation Through Concentration on 'AFFORDABLE FLYERS' It's been a number of years since the Latest Edition of Jim Campbell's HUGE SportPlane Resou>[...]

Buying Sprees Continue: Textron eAviation Takes On Amazilia Aerospace

Amazilia Aerospace GmbH, Develops Digital Flight Control, Flight Guidance And Vehicle Management Systems Textron eAviation has acquired substantially all the assets of Amazilia Aer>[...]

Hawker 4000 Bizjets Gain Nav System, Data Link STC

Honeywell's Primus Brings New Tools and Niceties for Hawker Operators Hawker 4000 business jet operators have a new installation on the table, now that the FAA has granted an STC f>[...]

Echodyne Gets BVLOS Waiver for AiRanger Aircraft

Company Celebrates Niche-but-Important Advancement in Industry Standards Echodyne has announced full integration of its proprietary 'EchoFlight' radar into the e American Aerospace>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC