Watch CBS News

Mark Hylen, vice president of Alaska-based Beacon Operational Health and Safety Services, says his company was forced to lay off employees due to a 20-percent reduction in business

Mark Hylen, vice president of Alaska-based Beacon Operational Health and Safety Services, says his company was forced to lay off employees due to a 20-percent reduction in business. The sinking price of oil per barrel has left Alaska's economy in turmoil, and companies are cutting production and jobs.
Apr 28, 2016 (01:42)
View CBS News In
CBS News App Open
Chrome Safari Continue