NEW BEDFORD, MASS. (WPRI) - A local parachute company may lay off one-third of its employees.
According to The New Bedford Standard Times , Niche Inc. will let 360 people go because the company doesn't have enough future business to maintain its current workforce.
The company is currently working on parachutes for the military but that contract will be fulfilled by February.
Niche's president announce he is trying to obtain new contracts.
Right now, it's unknown if the layoffs will be temporary or permanent.