After reporting a quarterly loss of $56 million ($968 million in its commercial airplane division), Boeing announced plans to cut 10,000 jobs in 2009.
That number includes the 4,500 job cuts previously announced, mostly in the Puget Sound area. And how many of the remaining 5,500 job cuts will target our region? According to the P-I, “some“… with the cuts being spread across the company geographically.
Considering that almost half of Boeing’s 162,000 employees are in WA state, I suppose we should expect to absorb almost half of these newly announced cuts.
I few thousand here, a few thousand there… pretty soon this starts to add up to a bad recession.