Boeing To Close Sydney Plant
Boeing plans to close its factory in Bankstown, a suburb of Sydney, Australia, in 2012 and move the work performed there to its plant in the Fisherman’s Be

Boeing plans to close its factory in Bankstown, a suburb of Sydney, Australia, in 2012 and move the work performed there to its plant in the Fisherman’s Bend district of Melbourne, the company announced today. Boeing said it would offer jobs in Melbourne to most of the 350 Bankstown employees affected by the closure, although it added that it expected the move to result in some “redundancies.”

The company said it needed to proceed with the consolidation due to the exit of loss-making third-party work and underutilization of both sites.