EL PASO, Texas, Jan. 10,
2013 /PRNewswire via COMTEX/ -- Boeing will consolidate its El Paso
facilities and reduce the workforce there by the end of 2014. The move
is part of the company's strategy to increase affordability for
government customers and become more competitive in an increasingly
global marketplace.
The 370 workers at the site manufacture
electronics for a variety of Boeing products. Anticipated U.S. defense
budget cuts likely will mean less demand for these items. Therefore,
Boeing will reduce occupied square footage 50 percent by moving from
three buildings into one, and will reduce employment by up to 160
positions.
"This difficult decision was based on a thorough study
of the current and future business environment and the need to remain
competitive," said Derek McLuckey, director of Boeing Network
Operations. "We recognize this will affect the lives of many of the
highly skilled men and women who work here, so we will do everything
possible to assist our employees, their families and our community
through this difficult time."
Affected employees will receive
assistance with finding employment elsewhere in Boeing or outside, as
well as financial counseling and retirement seminars.
Despite
this consolidation, "Texas remains critical to Boeing with more than
6,000 employees working at Boeing locations and subsidiaries throughout
the state," McLuckey said. "We also have valued relationships with
suppliers in Texas. In 2011, Boeing spent $2 billion with our supply
base here."
A unit of The Boeing Company, Boeing Defense, Space
& Security is one of the world's largest defense, space and security
businesses specializing in innovative and capabilities-driven customer
solutions, and the world's largest and most versatile manufacturer of
military aircraft. Headquartered in St. Louis, Boeing Defense, Space
& Security is a $32 billion business with 60,000 employees
worldwide. Follow us on Twitter: @BoeingDefense.
SOURCE Boeing Defense, Space & Security
http://www.marketwatch.com
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