This story is free to read because readers choose to support LAist. If you find value in independent local reporting, make a donation to power our newsroom today.
This is an archival story that predates current editorial management.
This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.
800 Boeing Jobs Taking Off From Long Beach By End of 2012
Boeing has announced they will be packing up and heading out of their Long Beach offices in favor of Oklahoma City, and the move will cost 800 jobs, according to the LB Post.
Of the 800 jobs, 550 are positions that will be moved to Oklahoma City, while the remaining 250 will simply be eliminated. That loss deals "a major blow to the local aerospace industry," says the Chief Economist of the Los Angeles County Economic Development Corporation (LAEDC), noting that the industry has a long relationship with Long Beach.
Despite tax breaks and other incentives for doing business in the Enterprise Zone of Long Beach, Boeing cites a need to cut costs as reason for their 2011-2012 move to Oklahoma City, where the same work can be done for cheaper, and where the business will also receive incentives. In turn, Boeing asserts, those cost savings can be passed on to their clientele, which "is almost entirely the Federal Government."
You come to LAist because you want independent reporting and trustworthy local information. Our newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our connected community. We are free to tell the full truth, to hold power to account without fear or favor, and to follow facts wherever they lead. Our only loyalty is to our audiences and our mission: to inform, engage, and strengthen our community.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Senior Vice President News, Editor in Chief
