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News > Companies
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Boeing cuts 900 jobs
Firm slashing 11% of jobs in satellite unit at Southern California plants.
February 21, 2002: 1:44 p.m. ET
graphic NEW YORK (CNN/Money) - Boeing Co. is cutting about 11 percent of the jobs in its satellite unit, the company announced Thursday.

The company said it will cut about 900 jobs in El Segundo, Calif., and another 150 jobs in Torrance, Calif. The two locations have about 9,000 jobs between them before the restructuring.

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The company said it will try to place as many affected employees as possible in 350 job openings the company has in its other operations in Southern California. The company also said it believes that new business pursuits could create 1,000 new openings in Seal Beach and Anaheim, Calif., in the next nine months.

Among the new programs the company said it will keep in Southern California are efforts related to new U.S. efforts to enhance homeland security.

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The job cuts that are a part of the consolidation of facilities and streamlining of design and production.

In the wake of the sharp downturn in demand for new commercial aircraft last fall Boeing announced it expected to cut between 20,000 and 30,000 jobs from its commercial aircraft division by the middle of 2002. It also is cutting some jobs in its military aircraft unit, although it decided not to drop production of its smallest commercial jet, the 717, which is built primarily in Southern California. graphic

  RELATED STORIES

Boeing to continue 717, take $700Mm charge -- Dec. 13, 2001

Boeing to cut 20,000-30,000 jobs -- Sept. 19, 2001
  RELATED LINKS

Boeing Co.




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