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Boeing offers voluntary buyouts to employees in its space division, LA Times
“Boeing Co.’s sprawling satellite-making operation in Southern California has just concluded a round of voluntary buyouts in an effort to slash its workforce by 250 to 300 employees. The Chicago-based company said the reduction in its 5,500-employee workforce is necessary because of changes in the way it designs and builds satellites — not because of a lack of orders or cutbacks in federal spending.”
Biologist, Explorers Club Fellow, ex-NASA Space Biologist and Payload integrator, Editor of NASAWatch.com and Astrobiology.com, Lapsed climber, Explorer, Synaesthete, Former Challenger Center board member... More by Keith Cowing
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“Boeing said it had received a sufficient number of volunteers during the two-week period that ended Friday, so involuntary layoffs are unlikely.“
This sentence takes the sting out of the situation. I wished things could work out this way more often. Although, as usual, I have to wonder how much irreplaceable expertise and experience is going out the door for ever with these people.