Boeing eyes layoffs in satellite division
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Washington
BOEING Co on Monday told its workers that it expected to cut as many as "several hundred" jobs in its satellite business through the end of 2015 due to a downturn in US military spending and delays in commercial satellite orders.
Multiple commercial orders were being delayed by recent failures of launch vehicles and uncertainties about the future availability of financing from the US Export-Import Bank, whose government charter lapsed on June 30, the company told key managers in an internal communication.
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