Delta lay-offs to greatly impact Tri-State economy - Cincinnati News, Weather, Sports from FOX19 NOW-WXIX

Delta lay-offs to greatly impact Tri-State economy

By Kimberly Holmes – bio | email 

COVINGTON, KY (FOX19)  - Many communities are still in shock after learning this week that early 1,000 workers at Cincinnati Northern Kentucky International Airport will soon lose their jobs.

Starting May 1, Delta Air Lines is moving operations to Concourse B. That means Delta is going to lay off 840 ground workers from the carrier's Regional Elite Airline System. Some workers will be rehired or shifted to other positions. However, another 120 concession workers at CVG could also lose their jobs.

This isn't the first big economic hit for the region, and sadly some economists say it won't be the last.

According to the Bureau of Labor Statistics, in the last two years, the Tri-State lost 50,000 jobs. Some locals may think 1,000 more jobs may not seem like much, but the real problem is what economists call the ripple effect.

"I don't think this is doomsday," said George Vredeveld, Director of the Economics Center for Education and Research at the University of Cincinnati. "But boy, I hate to see the airport cut back on its services. This hurts our economic development efforts and it's going to have a broad impact on our community."

And in this weak economy, Vredeveld said a single job lost becomes infectious and spreads through neighborhoods and businesses.

"The problem is when you've lost one job it's not the end," Vredeveld said. "What happens is this family that's affected by job loss, after some time of course they're going to be reducing their spending."

Even impacting tax revenues. It's a vicious circle that could hinder the Queen City's future.

Northern Kentucky Chamber of Commerce President Steve Stevens said the key to rebuilding the region's economy lies in the strength of CVG.

"Air service is absolutely critical to future economic development to this area," said Stevens. "{An airport} is a definite piece of the equation that companies look at."

CVG and Delta Air lines both said they are actively looking for new carriers to move into Concourse A. Vredeveld and Stevens both believe that'll greatly help rebuild CVG and the region's economy.

 

Copyright 2010 FOX19. All Rights Reserved.        

  • FOX19 HeadlinesMore>>

  • Amid anti-immigrant sentiment, some Spanish speakers wary

    Amid anti-immigrant sentiment, some Spanish speakers wary

    Saturday, May 26 2018 2:14 PM EDT2018-05-26 18:14:01 GMT
    Saturday, May 26 2018 9:35 PM EDT2018-05-27 01:35:31 GMT
    (AP Photo/Chris Carlson). Lilly Mucarsel, a native of Ecuador, poses for a picture in her office Friday, May 25, 2018, in Tustin, Calif. Mucarsel, 62, of Southern California finds herself reverting to English when she attends a baseball game or goes to...(AP Photo/Chris Carlson). Lilly Mucarsel, a native of Ecuador, poses for a picture in her office Friday, May 25, 2018, in Tustin, Calif. Mucarsel, 62, of Southern California finds herself reverting to English when she attends a baseball game or goes to...

    The Trump administration's harsh rhetoric and tougher policies toward immigrants have made some Spanish speakers self-conscious about speaking other languages in public.

    Full Story >

    The Trump administration's harsh rhetoric and tougher policies toward immigrants have made some Spanish speakers self-conscious about speaking other languages in public.

    Full Story >
  • American jailed in Venezuela for 2 years arrives in US

    American jailed in Venezuela for 2 years arrives in US

    Saturday, May 26 2018 9:53 AM EDT2018-05-26 13:53:22 GMT
    Saturday, May 26 2018 9:35 PM EDT2018-05-27 01:35:22 GMT
    Senator Corker’s office tweeted out an image of Josh Holt and his wife before leaving Venezuela. (Source: Twitter/@SenBobCorker)Senator Corker’s office tweeted out an image of Josh Holt and his wife before leaving Venezuela. (Source: Twitter/@SenBobCorker)

    A Utah man has been released from a jail in Venezuela after spending nearly two years behind bars on weapons charges.

    Full Story >

    A Utah man has been released from a jail in Venezuela after spending nearly two years behind bars on weapons charges.

    Full Story >
  • More LGBT issues loom as justices near wedding cake decision

    More LGBT issues loom as justices near wedding cake decision

    Saturday, May 26 2018 9:33 AM EDT2018-05-26 13:33:35 GMT
    Saturday, May 26 2018 9:35 PM EDT2018-05-27 01:35:14 GMT
    (AP Photo/J. Scott Applewhite, File). FILE - In this Oct. 10, 2017, file photo, the Supreme Court in Washington is seen at sunset. A flood of lawsuits over LGBT rights is making its way through the courts and will continue, no matter the outcome in the...(AP Photo/J. Scott Applewhite, File). FILE - In this Oct. 10, 2017, file photo, the Supreme Court in Washington is seen at sunset. A flood of lawsuits over LGBT rights is making its way through the courts and will continue, no matter the outcome in the...

    A flood of lawsuits over LGBT rights is making its way through courts and that'll continue, no matter what the Supreme Court decides in the case of a baker who wouldn't create a wedding cake for a same-sex couple.

    Full Story >

    A flood of lawsuits over LGBT rights is making its way through courts and that'll continue, no matter what the Supreme Court decides in the case of a baker who wouldn't create a wedding cake for a same-sex couple.

    Full Story >
Powered by Frankly