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: porcupine --''''> who wrote (1658)	5/20/1999 10:38:00 PM
From: porcupine --''''>	of 1722

BOEING CO CEO Philip Condit said he sees more job cuts as the company looks to improve profit margins. "We are at (a workforce of) 215,000 right now, down from 238,000. We think we'll be in the 200 (thousand) to 210 (thousand range) by the end of this year," he said on CNBC. "I think it'll be at the lower end of that number and probably about another 10 next year. At 185 (thousand) to 190 (thousand) is probably the stable number." He said the company was going through a shift from focusing on performance to concentrating on its fundamentals. "We're going from a production performance driven business to one that is financially driven," he said. (Reuters 11:41 AM ET 05/07/99)

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