Boeing to cut hundreds of jobs as shutdown of EXIM Bank starts to bite

Boeing to cut hundreds of jobs as shutdown of EXIM Bank starts to bite

Boeing says it intends to cut “several hundred” jobs due to a decline in US military spending and delays in the number of satellite orders. The move is being blamed over uncertainties regarding future funding from the US Export-Import Bank.

The layoffs are set to be implemented by early 2016, according to Reuters, which cited an internal memo within the company.

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