Posted on 10/30/2002 5:10:21 PM PST by Willie Green
For education and discussion only. Not for commercial use.
BELLEVUE, Wash. (AP) — Boeing Co.'s Shared Services division, which handles computing, telecommunications, building maintenance and other in-house jobs for the aerospace company, plans to cut 1,200 to 1,500 jobs in the next six months.
The cuts, which will come through layoffs, attrition and eliminating contract workers, amount to nearly 9 percent of the Bellevue-based division's work force, spokeswoman Barbara Murphy said Wednesday. Most of the unit's employees work in the Puget Sound region.
The reductions come on top of the 30,000 jobs that Boeing plans to eliminate by the end of 2002 due to slashed commercial jet production and the weak airline market since the Sept. 11 terrorist attacks. Boeing chairman Phil Condit said earlier this month that Boeing will continue to reduce its work force over the next 18 months, but the company has not released a target figure.
The Shared Services division has already lost 2,741 positions through attrition, layoffs and other reductions since the terrorist attacks, although Boeing Commercial Airplanes, the Puget Sound area-based division that builds jetliners, bore the brunt of the company's reductions in the past year.
Murphy said Shared Services is currently identifying how and where to make the cuts. It is also trying to reduce the number and levels of managers, to an eventual ratio of one manager per 20 workers from the current ratio of 1-to-12.
Shares of Boeing rose 50 cents to close at $30.20 Wednesday on the New York Stock Exchange.
Actually, they wouldn't. There's already more freedom of thought over there than the Democrats would tolerate.
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