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-04.29.24

Airborne-Unlimited-04.23.24

Airborne-Unlimited-04.24.24 Airborne-FltTraining-04.25.24

Airborne-Unlimited-04.26.24

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

Unfortunate... ANN/SportPlane Resource Guide Adds To Cautionary Advisories

The Industry Continues to be Rocked By Some Questionable Operations Recent investigations and a great deal of data has resulted in ANN’s SportPlane Resource Guide’s rep>[...]

ANN FAQ: Turn On Post Notifications

Make Sure You NEVER Miss A New Story From Aero-News Network Do you ever feel like you never see posts from a certain person or page on Facebook or Instagram? Here’s how you c>[...]

ANN's Daily Aero-Term (04.29.24): Visual Approach Slope Indicator (VASI)

Visual Approach Slope Indicator (VASI) An airport lighting facility providing vertical visual approach slope guidance to aircraft during approach to landing by radiating a directio>[...]

ANN's Daily Aero-Term (04.28.24): Airport Marking Aids

Airport Marking Aids Markings used on runway and taxiway surfaces to identify a specific runway, a runway threshold, a centerline, a hold line, etc. A runway should be marked in ac>[...]

ANN's Daily Aero-Linx (04.28.24)

Aero Linx: The Skyhawk Association The Skyhawk Association is a non-profit organization founded by former Skyhawk Pilots which is open to anyone with an affinity for the A-4 Skyhaw>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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