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Boeing reveals on July 28, 1969, that in 1969 the firm has reduced its workforce by 12,000 employees.
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On July 28, 1969, Boeing reveals that it has reduced its workforce by more than 12,000 workers, through attrition, so far in 1969, putting its local payroll at 87,600 employees. At Boeing the phrase is that these workers have been "let go by attrition." It is a harbinger of the coming aerospace recession, or "Boeing Bust," that will devastate the regional economy over the next two years.
Walt Crowley, Rites of Passage: A Memoir of the Sixties in Seattle (Seattle: University of Washington Press, 1995), 272.
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