Out The Door Tuesday

Boeing Co on Monday told its workers that it expected to cut as many as “several hundred” jobs in its satellite business through the end of 2015 due to a downturn in U.S. military spending and delays in commercial satellite orders.

Multiple commercial orders were being delayed by recent failures of launch vehicles and uncertainties about the future availability of financing from the U.S. Export-Import Bank, whose government charter lapsed on June 30, the company told key managers in an internal communication.

Boeing spokesman Tim Neale confirmed the reductions and said the total number of people affected would be finalized in coming months. Some could find work in other parts of Boeing, he said.

He said the reductions were “necessary to remain competitive for ongoing and future business.”

Hit the Road Jack

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About Den

Always in search of interesting things to post. Armed with knowledge and dangerous with the ladies.
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7 Responses to Out The Door Tuesday

  1. º¿carol says:

    I watched the first repuke debate, think I mentioned that. One of the things they all said was that our military was suffering, budget awful, blah, blah, blah. That damn budget for them is what, half of the U.S. budget? What do they want? One hundred percent of all taxes to go to the war machine? Every one of them that complained about the military is nuts. But we already know they’re ALL nuts, anyone with an (R) after their names.

    Like

  2. David B. Benson says:

    @ the Hillside Cafe after 11 minutes on the sticks. Came too late for much activity.

    Like

  3. Den says:

    Got back to the laptop finally after it sat all day in the ARRRVEE. Goes with me tomorrow.

    Like

  4. David B. Benson says:

    No interesting mail.

    Honig time. 🙂

    Like

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