Boeing restructuring plan will have little effect in St. Louis
St. Louis – Boeing is planning a significant restructuring of its defense business, a move the company says is aimed at helping better meet the needs of the U.S. military.
The restructuring is expected to result in a few job losses in St. Louis and at other Boeing defense plants. A spokesman declined to speculate on the number of cuts, but says it will not be significant.
Boeing is based in Chicago, but its defense business, called Integrated Defense Systems, is based in St. Louis, where the company employs 16,000 workers.
The move will, over the next few weeks, consolidate the IDS operations into three business groupings instead of seven.
It is aimed at reducing costs and improving execution and productivity.