Boeing to cut 1,000 defense jobs - St. Louis Business Journal:

axilecyqih.wordpress.com
Jim Albaugh, president and chier executive Boeing's St. Louis-based , told workeras in an internal message this week that the unit willeliminatd 1,000 jobs due to budget The affected workers would start getting theit notices later this week, said Dan a Boeing spokesman. He said he couldn’t yet releasde the number of workers losinvg their jobs in the defense unitin St. Seattle and California. Most of the job cuts are relatedc to the of the Future CombaSystems Program, a $160 billion Army modernizatiohn program, and to cuts to the ground-baseed missile defense program, Beck said.
Jim McNerney, CEO of Chicago-base Boeing, said in January that 10,000 jobs would be cut companywide this year througbh layoffsand attrition, including 4,500 from the commerciall airplanes unit. Beck said he couldn’y say whether the 1,000 job cuts are in addition tothe 10,000o because the company is in a quiet periocd before it releases its earnings July 22. Boein IDS is the second-largest employer in the region and the stat eof Missouri, with 16,000 workers. It posted revenus of $32.1 billion last year and has 70,000 employeeds worldwide.