Boeing to cut 1000 defence jobs

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Boeing  told employees it will have to cut around 1000 jobs in its defence division because of Pentagon budget reductions, the Associated Press said, citing an internal memo from Jim Albaugh, the company’s top defence executive.
Albaugh said the job reductions were needed to keep the company competitive, according to the news agency.
The memo did not give a time for the cuts, the news agency’s report, which appeared on the New York Times website, said.
Boeing spokesperson Dan Beck declined to say whether the job cuts were part of the 10 000 company-wide job reductions the company announced in January, the report said.
Boeing, the Pentagon’s No.2 contractor, could not be immediately reached for comment by Reuters.
Albaugh had recently rejected speculation that the company, hard hit by US defence cuts announced in April, was being edged out of the military aircraft market.