Boeing Lay off Job Cut: fires 800 employees Wichita: Finance Trading Times

Boeing Lay off Job Cut: fires 800 employees Wichita

The financial turmoil is taking a big toll on all the sectors of the world. The high and volatile prices of oil has seen many airlines come down crashing and now the aircraft company Boeing has deiced to go for a big Boeing Lay off or Being Job Cut. The latest one to add to the list of lay off or Job Cuts is the Boeing , which is reported to have laid off around 800 employees.Boeing Lay off Job Cut
As per the news, The Boeing Co. plans to cut 800 jobs.

Which location will the Boeing Lay off Job Cut be done?
The Boeing Lay off Job Cut will be done at Integrated Defense Systems facility in Wichita, Kansas.

When will the Boeing Lay off Job Cut be conducted?
The Job cutting will happen in next year 2009, which means that the new year will not be good for many employees.

Which employees will get affected by the Boeing Lay off Job Cut?
The layoffs will impact managers, salaried and hourly workers.

What are the primary reasons of Boeing Lay off Job Cut
Boeing tried to justify the the cuts mentioning that were due to the delay in the U.S. Air Force tanker-replacement program.

Boeing will deliver 60-day layoff notices to approximately 76 employees Friday. Their last day of work is scheduled for mid-January. The company will deliver the rest of the layoff notices throughout 2009, with most occurring in the first half of the year.

Boeing Wichita today has a employee strength of 3,000 people.

A unit of The Boeing Co., Integrated Defense Systems is one of the world's largest space and defense businesses. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $32.1 billion business with 71,000 employees worldwide.

Let's hope that alternative jobs are available to the affected employees of Boeing Lay off Job Cut.
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