EL PASO - Boeing said it will cut a little more than 40 percent of jobs, or 160 positions, at its El Paso plant as it looks to reduce the impact of planned defense budget cuts.
Boeing plans to cut its El Paso factory operations in half and lay off about 160 people by the end of 2014. Anticipated federal Defense Department budget cuts are expected to reduce demand for products the El Paso plant helps make.
Some layoffs will occur in the second half of 2013, but the majority of the layoffs will occur in 2014. Layoffs will be across a wide range of jobs — from management positions down to factory assemblers. Those who are laid off will receive severance packages
The company also plans to move out of two buildings at its El Paso campus and consolidate operations into one building by the end of next year. All of the building consolidation will be done next year.
Boeing's Northeast El Paso operation employs 370 people and manufactures electronics for a variety of Boeing military products.
Read more at the El Paso Times.
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