Yesterday, we told you that a $19 billion deal with China landed Boeing an order for production of 200 airplanes. Well, today's news about the company is more about cuts than gains.
Boeing Co. says it's cutting 1,100 jobs from its U.S. plants, most of them in Southern California, as it scales back production of its C-17 cargo planes.
In a statement Thursday, Boeing says that by the end of next year it will cut 900 jobs in Long Beach and 200 jobs at plants in Mesa, Ariz., Macon, Ga. and St. Louis.
Boeing is the largest private employer in Long Beach, where the company has cut hundreds of jobs in recent years.
The Chicago-based company says it's slowing its annual production of C-17s in order to keep plants operating with a smaller workforce while it seeks international orders for the plane.
The company says it will provide assistance for affected workers seeking potential positions elsewhere within the company.