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Sat, Jan 31, 2004

Boeing Employment Pulling Out Of Nosedive

Numbers Appear To Be Stabilizing

After more than two years of deep, painful payroll cuts, Boeing may finally be on the mend.

Seattle's KIRO TV says the aerospace manufacturer predicts at least a year of stable employment.

As ANN reported earlier this week, Boeing eked out a small profit for the year -- thanks in large part to a tax refund.

But since the terror attacks on 9/11/2001, Boeing has laid off 36,490 people as its defense contracting business was rocked with scandals and its commercial aircraft manufacturing operations slid into second place in its global competition with Airbus. In addition, several thousand more jobs have been eliminated by attrition.

FMI: www.boeing.com

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