12-Jan-2009 12:00 PM
Boeing to slash 3% of its workforce
Analysis
Boeing Commercial Airplanes announced plans to cut approximately 4,500 positions, or 3% of its workforce, from late Feb-09, as aircraft demand weakens. Scott Carson, President and CEO, stated, "we have made significant strides in recent years to achieve greater efficiency and productivity, but we still face challenges that we must address".
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