El Segundo's Boeing facility is in a different division of the company. But when one part of a company is hurting, it's never good news for the other parts of the business.
Boeing warns layoffs coming in 2009(Seattle P-I) The Boeing Co. warned Thursday it will lay off an undetermined number of workers in 2009 as part of a broad effort to reduce costs in a worsening economy and a "more challenging business environment."
Although the aerospace giant, and world's second-biggest maker of commercial airplanes, did not say how many jobs might be lost, it did say the number would be more than the usual 4 to 5 percent lost each year through attrition.
As of the end of October, Boeing's total number of employees stood at 164,192 -- nearly half of whom are in Washington state.
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Boeing El Segundo will have layoffs in 2009. They are not getting any new contracts. They lost GPS3, GOES, Direct-TV, and TSAT will not be awarded until Q4 2010. They are hurting, big time. The satellite division is on the auction block.