Boeing to furlough employees if shutdown continues

Boeing (BA) plans to furlough a significant part of its workforce this week should the government shutdown persists. Workers in its defense, space, and security unit would be the latest Americans to directly feel the pain of the government shutdown. The cuts would come as a result of limited access to federal instillations, funding cuts, shortage of government inspectors, and stop-work orders from customers who are largely from the government. This unit accounted for about 40% of Boeing’s $82B in revenue in 2012.