Boeing Announces Big Layoffs in Defense Division

iVillage Member
Registered: 03-08-2011
Boeing Announces Big Layoffs in Defense Division
14
Thu, 11-08-2012 - 8:59pm

Middle class suffered another hit.

Boeing Announces Big Layoffs in Defense Division

Published: Wednesday, 7 Nov 2012

Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California and consolidate several business units to cut costs.

http://www.cnbc.com/id/49729998

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iVillage Member
Registered: 04-07-2002
Fri, 11-09-2012 - 6:02pm
This was in the works & would have happened even IF Romney had been elected! It has nothing to do with Obama at all. Boeing has been downsizing & consolidating for years - back when BUSH was President.

 nwtreehugger  

iVillage Member
Registered: 10-17-2012
Fri, 11-09-2012 - 12:52pm

I'm sure the thousands of people who just lost their jobs appreciate being "phased out" by their feudal lords.  Imagine the smiles on their kids faces Christmas morning.

Avatar for xxxs
Community Leader
Registered: 01-25-2010
Fri, 11-09-2012 - 12:18pm

  About time!  Another bloated defense contractor.  Bloat not product.  Over expensive products being phased out.  Perhaps they learned for Microsoft what happens when management starts to act like feudal lords.

dragowoman

iVillage Member
Registered: 10-17-2012
Thu, 11-08-2012 - 10:45pm

And so begins the fall of the Obamanation.

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