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April 18th, 2013
Boeing... Volunteers "To Go"... (Business)
Some 250 to 300 jobs are expected to be cut by Boeing at their...
...Southern California plants. That's about 5 percent of the approximately 5,500 Space & Intelligence Systems positions at the company's El Segundo, Huntington Beach, Seal Beach and Torrance facilities. A number of employees have already accepted layoff packages. All cuts are expected to be in place by this coming November.
According to sources, these layoffs are not attributable to sequestration, but deal with Boeing's transfer to more of a production line of work that incorporates a number of assembly line elements. As the costs for satellites are lowered, the company becomes more competitive. Seven additional Boeing satellites are scheduled for launch by year's end, with two already having been pushed to their orbital slots. There is a backlog of 29 satellites.
Boeing... Volunteers "To Go"... (Business)
Some 250 to 300 jobs are expected to be cut by Boeing at their...
...Southern California plants. That's about 5 percent of the approximately 5,500 Space & Intelligence Systems positions at the company's El Segundo, Huntington Beach, Seal Beach and Torrance facilities. A number of employees have already accepted layoff packages. All cuts are expected to be in place by this coming November.
According to sources, these layoffs are not attributable to sequestration, but deal with Boeing's transfer to more of a production line of work that incorporates a number of assembly line elements. As the costs for satellites are lowered, the company becomes more competitive. Seven additional Boeing satellites are scheduled for launch by year's end, with two already having been pushed to their orbital slots. There is a backlog of 29 satellites.