Boeing to Consolidate El Paso Facilities, Reduce Workforce to Ensure Competitiveness

     Boeing to Consolidate El Paso Facilities, Reduce Workforce to Ensure

- Realignment to be completed by end of 2014

PR Newswire

EL PASO, Texas, Jan. 10, 2013

EL PASO, Texas, Jan. 10, 2013 /PRNewswire/ -- Boeing (NYSE: BA) will
consolidate its El Paso facilities and reduce the workforce there by the end
of 2014. The move is part of the company's strategy to increase affordability
for government customers and become more competitive in an increasingly global

The 370 workers at the site manufacture electronics for a variety of Boeing
products. Anticipated U.S. defense budget cuts likely will mean less demand
for these items. Therefore, Boeing will reduce occupied square footage 50
percent by moving from three buildings into one, and will reduce employment by
up to 160 positions. 

"This difficult decision was based on a thorough study of the current and
future business environment and the need to remain competitive," said Derek
McLuckey, director of Boeing Network Operations. "We recognize this will
affect the lives of many of the highly skilled men and women who work here, so
we will do everything possible to assist our employees, their families and our
community through this difficult time."

Affected employees will receive assistance with finding employment elsewhere
in Boeing or outside, as well as financial counseling and retirement seminars.

Despite this consolidation, "Texas remains critical to Boeing with more than
6,000 employees working at Boeing locations and subsidiaries throughout the
state," McLuckey said. "We also have valued relationships with suppliers in
Texas. In 2011, Boeing spent $2 billion with our supply base here."

A unit of The Boeing Company, Boeing Defense, Space & Security is one of the
world's largest defense, space and security businesses specializing in
innovative and capabilities-driven customer solutions, and the world's largest
and most versatile manufacturer of military aircraft. Headquartered in St.
Louis, Boeing Defense, Space & Security is a $32 billion business with 60,000
employees worldwide. Follow us on Twitter: @BoeingDefense.


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SOURCE Boeing Defense, Space & Security

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