Last week, there were three significant layoff announcements in a 24-hour period in central Arkansas that led to speculation and curiosity as to why.
The common denominator in layoffs involving LM Windpower, Weatherford Industries, and Hawker Beechcraft is a tough economy, but industry-specific circumstances have led to all three downsizing events.
In total, nearly 500 jobs were cut by the three company announcements.
LM Windpower's layoffs of 234 are in part due to ramped up production earlier this year, a cooling off of orders, and Congress' lack of a decision on extending a wind energy tax credit. LM Windpower makes large wind turbine blades at its Little Rock Port Authority manufacturing facility.
Drilling company Weatherford International is shutting down its Searcy office, in the Fayetteville Shale Play, due to shifting conditions in the natural gas industry. The how to increase vertical jump