The St. Louis Business Journal reports Chairman and Chief Executive Jim McNerney made the announcement in a conference call with analysts and investors on Wednesday. The number of layoffs at the Hazelwood facility was not specified. According to the report, Boeing previously issued 60-day layoff notices to 1,020 employees in February that included some in St. Louis.
Boeing, which reported an 8 percent drop in revenue in the second quarter, has suffered largely because of a $160 billion overhaul of the U.S. Army’s land warfare weapons program, the St. Louis Business Journal reports.
Boeing’s Defense, Space & Security division is one of the largest employers in St. Louis with 16,000 workers locally and 68,000 employees worldwide.
Boeing Announces Additional Layoffs in St. Louis