Boeing to cut 30% of defense executives

[unhappycamper]

http://articles.chicagotribune.com/2012-11-07/business/chi-boeing-to-trim-management-30-in-defense-restructuring-20121107_1_cost-cuts-defense-executives-defense-division




Boeing to cut 30% of defense executives
November 07, 2012|By Greg Karp | Tribune staff reporter

Chicago-based Boeing Co. on Wednesday announced a major restructuring of its defense division that will cut 30 percent of executives from 2010 levels and calls for future cuts to middle-manager ranks.

The job cuts are "extremely unlikely" to affect executives at Boeing's headquarters in downtown Chicago because they are coming from firm's defense division, not corporate operations, Boeing spokesman Todd Blecher said.

Despite the timing, Wednesday's announcement had nothing to do with the U.S. presidential election, Blecher said.

"I know what it looks like, but I can tell you from having been involved in this that I never heard anybody deliberately plan around the election," he said.