Boeing to Cut 4,500 Jobs Due to Economic Downturn

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Airplane maker Boeing Co. says it plans to cut about 4,500 jobs this year due to the global economic slowdown. The Chicago-based company says the cuts will be made in its commercial aircraft business, which has factories in the Seattle area.

It says many of the cuts will be in areas not directly associated with aircraft production. Most of the job cuts are expected to occur in Washington state in the second quarter of the year. Boeing says employees will receive 60-day notices starting in late February.

The cuts will enable Boeing to continue focusing on development programs, airplane deliveries, productivity improvements and quality, as well as customer support, the company says.