Boeing Announces Additional Layoffs in St. Louis

Pentagon budget cuts is leading The Boeing Co. to make additional layoffs at its defense unit in St. Louis.

The St. Louis Business Journal reports Chairman and Chief Executive Jim McNerney made the announcement in a conference call with analysts and investors on Wednesday. The number of layoffs at the Hazelwood facility was not specified. According to the report, Boeing previously issued 60-day layoff notices to 1,020 employees in February that included some in St. Louis.

Boeing, which reported an 8 percent drop in revenue in the second quarter, has suffered largely because of a $160 billion overhaul of the U.S. Army’s land warfare weapons program, the St. Louis Business Journal reports.

Boeing’s Defense, Space & Security division is one of the largest employers in St. Louis with 16,000 workers locally and 68,000 employees worldwide.

Career Connect (From our other career blogs):

Employment News (Sponsored by EmploymentSpectator)
Following Your Passion-Literally! (Sponsored by iamnotastalker.com)
Job Search Advice from the CEO of TravelingCrossing (Sponsored by aharrisonbarnes.com)
Layoff News (Sponsored by LayOffWatch)

Testimonial of the Week

I was very pleased with the TravelingCrossing. I found a great position within a short amount of time … I definitely recommend this to anyone looking for a better opportunity.

Jose M Santa Cruz, CA

+ Read More Testimonial

Only TravelingCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.

We have more jobs than any other job board.
We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
We collect jobs from more than 4,429,376 websites and post them on our site.
We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.