Source Pravda.Ru

Boeing Co to cut 750 jobs at southern California plants

The Boeing Company (NYSE: BA, TYO: 7661), a major aerospace and defense corporation, announced Wednesday that it would cut 750 jobs in southern California due to recession in its satellite assembly and integration business.

The majority of cuts will be conducted in engineering staff. This lay-off resulted from Boeing's loss to rival Lockheed Martin a bid to lead a $3.5 billion program to build a GPS satellite as a part of the U.S. space program.

The cuts will be made at plants in El Segundo and Seal Beach.

The first 100 satellite employees will be laid off in July. The remaining 650 workers will be released in July and August.

The company will help the employees find jobs at other Boeing locations.

Photo: www.inhabitat.com

The containment never ended: the Red Fear has been replaced by the today's Russophic hysteria, and the dubbed feeling between Trump and Putin is an invention of the Western populist propaganda

The neverending containment of Russia

The containment never ended: the Red Fear has been replaced by the today's Russophic hysteria, and the dubbed feeling between Trump and Putin is an invention of the Western populist propaganda

The neverending containment of Russia

The containment never ended: the Red Fear has been replaced by the today's Russophic hysteria, and the dubbed feeling between Trump and Putin is an invention of the Western populist propaganda

The neverending containment of Russia