Bell lays off 290 employees, citing cuts in defense spending

09/24/2013 | Fort Worth Star-Telegram (Texas)

Bell Helicopter announced that 290 salaried and hourly employees were laid off from its Fort Worth, Texas, facility Monday. The company cited reductions in defense spending for the cuts. "The realities of our business are changing," Bell President and CEO Jim Garrison said in a statement. "Sequestration is having an adverse impact on our industry, making the future for defense spending more uncertain than ever."

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Fort Worth Star-Telegram (Texas)

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