New England / Parachute maker Niche Inc warns of 360 layoffs

A New Bedford company that makes parachutes is warning it may have to cut some 360 jobs in February because of an expected drop in defense work.

Kenneth Bello, a lawyer for Niche Inc., told the Standard Times of New Bedford that the company does not have enough new military contracts on the horizon to maintain its present level of employment.

Choosen excerpts by Job Market Monitor from

via New Bedford parachute maker warns of layoffs | CapeCodOnline.com.