Wave Systems Corp. (fka WAVXQ)

[brant_point]

OT Boeing

LAYOFFS (36 announced) Week of Aug 24th
August 24, 2007


AEROSPACE AND DEFENSE

Boeing Company
Chicago, IL
Seattle, WA

Boeing Co. is laying off about 150 employees in a computer network operations unit as it outsources information technology work to Computer Sciences Corp. The affected employees are systems analysts, including administrators and design and integration specialists in Boeing's Engineering, Operations and Technology division, which has a work force of about 12,300. El Segundo, Calif.-based CSC took over computer-systems monitoring, support and administration at Boeing's St. Louis-based defense arm in 2003. CSC will now handle that work for all of Boeing's U.S. locations. As of July 31, Chicago based Boeing had 157,430 employees worldwide.

Approximate Affected Workforce: 101-500
Source: The Associated Press State & Local Wire - August 24, 2007