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To: Oral Roberts who wrote (44365)7/17/2003 10:50:13 AM
From: mph  Respond to of 57110
 
It's true.

I have a pretty good poker face, though:-)



To: Oral Roberts who wrote (44365)7/17/2003 11:15:12 AM
From: Alan Smithee  Read Replies (3) | Respond to of 57110
 
More great econ. news:

<font color=red>More Boeing Job Cuts Coming</font>

July 17, 2003

By KOMO Staff & News Services


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SEATTLE - Boeing plans to cut 5,000 more jobs from its commercial airplane division by the end of the year, The Seattle Post-Intelligencer reported Thursday.

An announcement was planned Thursday and some affected workers will receive 60-day layoff warning notices Friday, according to the report.

The P-I cited sources who were not identified, and it was unclear where the cuts would be made and how many would come from attrition.

Peter B. Conte, a Boeing spokesman, would not confirm the reports Wednesday night.

Boeing Commercial Airplanes has cut nearly 35,000 jobs nationwide since the terrorist attacks of Sept. 11, 2001. By the end of the year the division's work force will have been cut to nearly one-half of the 93,000 employed before the attacks.

The Puget Sound area, where all but one of the company's commercial jets are made, has been hit the hardest.

Boeing, based in Chicago, has laid off 17,727 Puget Sound-area workers and cut another 4,000 jobs through attrition since the attacks. Boeing's total workforce in Washington state is about 56,400, down from 79,900 in July 2001.

As of late Wednesday, Mark Blondin, president of International Association of Machinists Local 571, and Charles Bofferding, executive director of the Society of Professional Engineering Employees in Aerospace, had not been notified of plans for more job cuts, representatives of Boeing's two largest unions said.

At the Paris Air Show last month, division president Alan R. Mulally said more job cuts might be made.

Earlier this week Continental Airlines announced it would defer delivery of $2.5 billion worth of Boeing jets, threatening the future of the 757 line in Renton, but the company also has landed some big orders.

AirTran Airways ordered up to 110 737s and 717s this month, All Nippon Airways finalized an order for 45 737s at the end of June and an Air Force order for 100 767 refueling tankers cleared the White House last week and awaits congressional approval.