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First take: Trimming Boeing, again


BOEING CUTS This is rough, and Boeing knows it – CEO Jim McNerny even compared himself to Darth Vader in making the announcement. It plans to end about 1,500 IT jobs in the Seattle area over the next few years. The larger picture isn’t looking wonderful, either; from the “McNerney said the company’s focus would be on cutting costs and increasing productivity, but he provided no specifics on potential job cuts. However, he said Boeing’s defense and space division has already cut “double-digit thousands” of jobs and the commercial airplane group would be doing that as well. Boeing faces a decreasing defense budget and competitive commercial airplane pricing situation – some source say it is selling its new 787 Dreamliner at below cost.”

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