November 3rd, 2008 by Reed Allmand 
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.
About Reed Allmand
Allmand's vision is rooted in his own financially precarious childhood in Abilene "My father always had difficulty holding a job and supporting our family, so after my parents divorced when I was 12, my sister and I got jobs to help make ends meet," he recalls. "I remember what it felt like as a child to worry that our car would be repossessed or home foreclosed on."
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