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Layoffs Continue to Mount

Stocks in this article: LOW BJ YHOO BA JCP HBC AXP

Boeing

Boeing (BA) announced on Jan. 20 that it will eliminate 900 positions at its Long Beach plant.

The company, which employs 3,700 workers at the Long Beach facility, said the cuts would come from its C-17 cargo division, as orders for the planes decline.

Boeing will provide assistance for affected workers seeking potential positions elsewhere within the company.

The news comes after the company announced last fall that it is consolidating its military aircraft business and cutting workers. Boeing planned to lay off 10,000 workers in 2009. When Boeing did not complete the layoffs last year, its management announced that it would finish the job of laying off the workers in 2010 -- and might ultimately lay off more workers than the original 10,000 that were projected.

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