by Calculated Risk on 1/09/2009 01:52:00 PM
Friday, January 09, 2009
Boeing to Cut 4,500 Jobs
From Bloomberg: Boeing Cuts 4,500 Commercial Jobs as Economy Weakens
Boeing Co., the world’s second-largest commercial-plane maker, plans to cut about 4,500 jobs this year to reduce costs as the global economy weakens, hurting demand for new aircraft.The bad employment news just keeps coming.
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The company yesterday said it had net orders for 662 planes in 2008, down from 1,413 one year earlier.