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Boeing To Cut 20,000 Jobs by 2000

March 20, 1998

SEATTLE (AP) _ Boeing said today it will cut more than 20,000 jobs and close several facilities by 2000 as it streamlines operations after its merger with McDonnell Douglas.

The aerospace company said about 8,200 jobs worldwide would be cut due to plant closures and the discontinuation of the MD-80 and MD-90 jetliner programs.

The is in addition to a 12,000-person reduction in commercial airplane employment, announced in mid-December, that the company said would begin in the second half of this year.

``As a result of the merger with McDonnell Douglas and acquisition of Rockwell’s aerospace and defense operations, we are strategically realigning the use of our facilities to provide better value to our customers and shareholders,″ said Phil Condit, Boeing chairman and chief executive officer. ``These actions are in addition to ongoing initiatives to improve productivity and reduce costs.″

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