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<blockquote data-quote="texan" data-source="post: 1052860" data-attributes="member: 38206">Boeing Announces Big Layoffs in Defense DivisionWednesday, 7 November 2012 Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent&nbsp;of management jobs from 2010 levels, close facilities in California and consolidate several&nbsp;business units to cut costs. The company told employees about the changes on Wednesday, in a memo obtained by Reuters and&nbsp;confirmed by Boeing.He said Boeing would cut the number of executive jobs an additional 10 percent by the end&nbsp;of 2012, bringing overall cuts in its executive team to 30 percent for the past two years…The day after election day. What timing, huh?</blockquote>

[QUOTE="texan, post: 1052860, member: 38206"] [B]Boeing Announces Big Layoffs in Defense Division Wednesday, 7 November 2012 [B]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. [B]The company told employees about the changes on Wednesday, in a memo obtained by Reuters and confirmed by Boeing. [B]He said Boeing would cut the number of executive jobs an additional 10 percent by the end of 2012, bringing overall cuts in its executive team to 30 percent for the past two years…[/B] [COLOR=#800000]The day after election day. What timing, huh? [/COLOR][/B][/B] [/B] [/QUOTE]

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