PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: steve dietrich who wrote (375965)	3/21/2003 4:26:24 PM
From: steve dietrich	Read Replies (1) of 769667

If this is the end of Recession, we're going out with a bang! And this was before the NorthWest Airlines release. Boeing Issues Layoff Notices To 960 Employees DOW JONES NEWSWIRES SEATTLE (AP)--Boeing Co. has issued layoff notices to 960 employees, the company announced Friday. Most of the layoffs affect Boeing Commercial Airplanes workers, company spokesman Bill Cogswell said. Others are in Boeing's shared services division and other units, he said. The effective layoff date for those workers is May 26. Friday also was the day 460 other workers left Boeing's payroll. Those employees received layoff notices Jan. 17. The layoffs are the latest step in an employment-reduction program Boeing announced last November to cut costs following the Sept. 11 attacks. Several airlines have filed for bankruptcy protection since the attacks, and many have delayed or canceled orders for new planes. Boeing slashed 30,000 employees from its payroll by the end of 2002 -mostly from the commercial division -and announced it would cut an additional 5,000 by the end of 2003. "This is part of the continuing downturn in the airline industry," Cogswell said. Updated March 21, 2003 3:01 a.m. Sponsored by Return To Top Corrections Contact Us Help About Dow Jones Mobile Devices E-mail Setup Account Information Privacy Policy Subscriber Agreement Copyright © 2003 Dow Jones & Company, Inc. All Rights Reserved Copyright and reprint information.

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