(Reuters) - Boeing (BA. N) said it will cut a little more than 40%, or 160, in el paso factory, because it looks, the United States plans to cut the defense budget to reduce influence.
The company says it will reduce in the factory occupied 50% square feet by moving from one of three buildings. In Texas factory electronic Boeing company's various products.
Cuts will be finished by the end of 2014, the company said.
The Boeing company announced a major restructuring, the defense department in November will be cut by 30% from 2010 levels, close to the management of the facilities, consolidate several business units.
Listed on the New York stock exchange on Thursday, the company's shares closed at $77.09.




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