Fri, Nov 01, 2002 - Page 10 News List

Boeing to cut up to 1,500 more jobs as demand slumps

BLOOMBERG , CHICAGO

Boeing Co., the world's biggest planemaker, will cut 1,200 to 1,500 more computer-services and administrative jobs as airlines delay orders amid record losses.

The cuts represent about 9 percent of the workers at Boeing's Bellevue, Washington-based administrative unit. The reductions will be made within six months and include layoffs, attrition and cuts in contract labor, Boeing spokeswoman Barbara Murphy said.

The unit had cut 2,741 jobs as part of 30,000 eliminated companywide after the Sept. 11 attacks amplified a decline in air travel. Chief Executive Phil Condit said two weeks ago, as Boeing reported a 43 percent drop in third-quarter profit, that more jobs would be shed. The planemaker expects airliner deliveries to fall to as few as 275 next year from 380 this year and 527 in 2001.

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