Dallas-Fort Worth has evolved from a commoditiesbased
economy to a high-tech and telecommunications hub and
a regional and national headquarters city. The numerous
international, regional and subsidiary headquarters
in the Metroplex employ over 5 percent of the work force.
The metro area has attracted several large employers,
but smaller employers are an important source of jobs.
Overcapacity in the telecommunications and high-tech
industries has negatively impacted the region. During
the recent downturn, thousands of jobs were cut from
firms in these sectors, including EDS and Ericsson.
Based in Dallas, Texas Instruments (TI) is one of the
primary employers of high-tech workers. TI recently
announced plans to construct a $3.3 billion semiconductor
plant in Richardson, which is expected to add 1,000
employees to TIs payroll. The company employs
over 10,000 workers in the metro area.
AMR Corp., parent of American Airlines, is one of the
Metroplexs largest employers. The company is encountering
difficulties resulting from high fuel prices and terrorism
anxieties, but structural changes to labor union agreements
will allow it to remain out of bankruptcy in the near
Lockheed Martin Aeronautics Company, based in Fort
Worth, anchors the defense-related manufacturing sector.
The company has been increasing payrolls in response
to higher defense spending. Other major defense firms,
including Bell Helicopter Textron, Inc., are also expected
to benefit from government contracts.
|Top 10 Private Employers
|Baylor Health Care System
|Parkland Health & Hospital System
|Electronic Data Systems Corporation
|Texas Instruments, Inc.
|Bank of America Corporation
|Nortel Networks Corporation
|J.C. Penney Company, Inc.
|United Parcel Service, Inc.