Boeing cuts 160 jobs at El Paso plant
{mosads}”This difficult decision was based on a thorough study
of the current and future business environment and the need to remain
competitive,” Derek McLuckey, director of Boeing Network Operations, said
in a statement Thursday.
Boeing is the latest company to cut positions as the defense
industry prepares for a slowdown in defense spending as the wars in Iraq and
Afghanistan come to a close. The Pentagon has already begun implementing a
reduction of $487 billion in spending over the next decade, and further cuts
could be coming if sequestration goes into effect.
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