Boeing to cut some jobs, move others, in efficiency effort

ST. LOUIS (AP) — Boeing Co. plans to move about 2,500 positions to other sites, cut 500 jobs, and close two facilities by the end of 2020 as part of an effort to operate its Defense, Space & Security business more efficiently, the company said Tuesday.

"In order to push ourselves farther and win more business, we need to make the most of our resources and talent," Leanne Caret, president and CEO of Boeing Defense, Space & Security, said in a statement.

The company said it also will align Boeing Defence Australia, Boeing Defense Saudi Arabia, and Boeing Defence United Kingdom into a new global operations group, led by David Pitchforth, managing director of Boeing Defence U.K.