Boeing's 2008 net profit plunged 34% to $2.7 billion from $4.1 billion in the prior year owing to the now-settled machinists' strike, lower aircraft deliveries and development delays in aircraft programs, leading the company to announce yesterday that it will cut 5,500 additional jobs this year. The manufacturer, which posted a rare quarterly net loss in the fourth quarter of $56 million compared to a $1.03 billion profit in the year-ago quarter, already had said it would cut 4,500 workers ...

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