Another US company downsizes while the Obama Administration claims that the economy has recovered and is booming.
On Tuesday, defense and aviation giant Boeing announced that they will eliminate 4000 jobs in their commercial airplanes division over the next two months.
The company reported that they will reduce 1600 positions through what they call “voluntary layoffs,” while the remaining cuts are projected to occur by leaving open positions unfilled.
Unlike most corporate downsizing efforts, frequently targeting only the lowest-paid employees, Boeing says that the announced cuts will include “hundreds of executives and managers.” But, unlike rank and file employee layoffs, the company has said it will pay executives a bonus to retire early.
Source RIA Novosti
