Isn’t this rather curious and convenient for President Brack Obama? Boeing announces massive layoffs in their Defense Division. No collusion here now is there. It was mere coincidence that Boeing would announce such a massive layoff after the 2012 election so not to adversely affect Obama’s chances of reelection. Unbelievable. The Lonely Conservative also shows her disgust in Boeing’s announcement. More evidense that it was just one big plan on Obama’s part to keep info from the voters prior to the election.
Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California and consolidate several business units to cut costs.
Boeing, the Pentagon’s second-largest supplier, said the changes were the latest step in an affordability drive that has already reduced the company’s costs by $2.2 billion since 2010, according to the memo.
The measures come as U.S. weapons makers are under pressure to cut costs and preserve profit margins amid dwindling defense spending in the U.S.
In a message to employees, Dennis Muilenburg, chief executive of Boeing Defense, Space & Security, said the company aimed to cut costs by an additional $1.6 billion from 2013 through 2015.