Byline: Tim Spofford
In Schenectady, the sky is not falling.
That was the message from urban planners, city officials, real estate dealers and retailers who assessed the economic impact of the roughly 1,400 layoffs announced Friday at General Electric Co.
They pointed out that since GE employees live and shop in communities across the Capital District, the city and county of Schenectady will not bear the full weight of the layoffs.
Still, GE's announcement was a sharp blow to the families of the 700 white-collar workers who will laid off next week, and to the 550 blue-collar workers to follow sometime between now and 1988. An additional 180 employees in the fabrication division will lose their jobs in 1987-88.
"If a person's job is eliminated, you …
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