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Boeing To Cut Satellite Facility Jobs In Southern California

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The Boeing Co. [BA] plans to lay off about 750 employees in Southern California because of a downturn in its satellite assembly and integration business, the company announced. But some employees losing their jobs will be given work elsewhere in the company. Boeing is the second-largest defense contractor, and also has a huge civilian component making airliners and other products. Most job cuts will be in engineering, although all skills will be affected, and will affect workers mostly in El…

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