Graham and Doddsville -- Value Investing In The New Era Message Board

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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: Freedom Fighter who wrote (1532)	4/8/1999 2:01:00 PM
From: porcupine --''''>	Read Replies (1) of 1722

* BOEING CO expects to cut another 6,700 jobs from its commercial-jet group by the end of the year,the Wall Street Journal reported. It quoted Alan Mulally, president of the unit which employs 111,400 people, as saying the company has lowered its target for total employment at the division by the end of 1999 to 93,700, thanks largely to success in controlling overtime payments. The company, trying to rebuild investor confidence, continues to cut its workforce, focusing heavily on restructuring and lightening engineering and management ranks in hopes of having a lower percentage impact on union jobs, the newspaper said. It said the unit plans to deliver about 480 jetliners in 2000. (Reuters 03:27 AM ET 03/15/99)

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