World Economy

Boeing to Cut 500 Jobs

Boeing to Cut 500 JobsBoeing to Cut 500 Jobs

Boeing Co, the world’s biggest planemaker, said that it would cut 500 jobs over four years and shut two plants as it revamps its defense and space unit, Reuters reported. The company, which is shutting plants in El Paso, Texas and Newington, Virginia, said some jobs in Huntington Beach plant would move to El Segundo, Long Beach, and Seal Beach in Southern California. Boeing also said many positions in Kent, Washington will move to nearby Tukwila. The company said about 1,600 positions will move to Los Angeles County, California; 500 to St. Louis, Missouri and about 400 to Huntsville, Alabama as part of the consolidation.

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