American Lay-Offs Will Hit Local Economy
The pending lay-offs at American Airlines in Tulsa will have a ripple effect on our economy.
The Executive Director of the Oklahoma Aerospace and Defense Alliance is Mary Smith. She says aerospace is one of the largest industries in Oklahoma. With nearly 1,000 jobs expected to evaporate all segments of the economy will feel the impact.
Smith says the supply chain, and not just aerospace companies, will feel the impact for the lay-offs which are set to begin in November..
American is trimming its work-force as part of its effort to get out of bankruptcy.