The 5,500 new layoffs are expected to be shed from other parts of the company, including its hefty defense division, which is expected to take a hit as the new governments focus on economic stimulus shrinks defense budgets. Boeings defense and other divisions occupy space in the Los Angeles, Seattle and St. Louis MSAs as well as in Chicago; Philadelphia; San Antonio, TX; Huntsville, AL; Mesa, AZ; Wichita, KS; Houston, TX; Greater Washington, DC.
Boeing occupies some 84 million square feet in the US, including 16.1 million square feet of leased space, according to its latest annual report. It's commercial jet business occupies 35.9 million square feet of Boeing-owned space and and leases an additional 4.75 million square feet. Its integrated defense systems unit occupies 30.83 million square feet of owned space and 10.5 million square feet of leased space. Other divisions occupy 5.2 million square feet of owned space and 871,000 square feet of leased space.
Pfizer, Home Depot, General Motors Corp. IBM and Starbucks this week announced tens of thousands of layoffs, some in addition to previously announced cuts. So far this month more than 125,000 layoffs have been announced. More than 2.1 million people lost jobs in last year's mass layoffs, the Labor Department reported Wednesday. The total is expected to be similar in 2009.
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