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Friday, January 09, 2009

Boeing to Cut 4,500 Jobs

by Calculated Risk on 1/09/2009 01:52:00 PM

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 company yesterday said it had net orders for 662 planes in 2008, down from 1,413 one year earlier.
The bad employment news just keeps coming.