Big Layoffs Could Impact Suppliers

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Boeing Co.’s decision to lay off possibly hundreds of employees at its El Segundo satellite factory has sparked concerns that the entire aerospace industry could suffer if Congress does not revive the Export-Import Bank, the Los Angeles Times reports. Some are concerned there could be a ripple effect for subcontractors in light of the fact Boeing channeled $48 billion in business last year to subcontractors, including more than 3,000 in California. But others argue the layoffs are not necessarily a sign of bad news to come.

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