more jobs moving
Boeing to shift most defense work out of Washington state
(Reuters) - Boeing Co on Monday said it would move the majority of its defense services and support work out of Washington state to other U.S. cities, affecting the jobs of about 2,000 of its 5,200 defense employees in the Puget Sound region.
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Boeing said most of the work would be relocated to Oklahoma City and St. Louis, where similar activities are done already, with a smaller share of the work to go to Jacksonville, Florida, and Patuxent River, Maryland.
In all, Oklahoma City could add about 900 jobs, while St. Louis could add 500 jobs, the company said.
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Boeing has sought to cut overhead costs in its defense business to help offset revenue dragged lower by declining military spending.
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Boeing is moving to cut $2 billion in costs from its defense business, in addition to the $4 billion in reductions announced in recent years in response to dwindling U.S. defense spending and increasing competition.
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Defense analyst Loren Thompson said Boeing's plan to move as many of the defense jobs as possible to its booming commercial operations would reduce the overall impact to the Washington state workforce. "The net job loss will be less than 1 percent," Thompson said. |
