Boeing to Cut More Than 4,500 Jobs
Boeing Co. will eliminate about 4,000 jobs in its commercial airplanes division by the middle of this year and another roughly 550 jobs in a division that conducts flight and lab tests, company spokespeople told Reuters.
The planemaker will reduce 1,600 positions in the commercial airplanes division through voluntary layoffs, while the rest of the cuts are expected to be completed by leaving open positions unfilled, spokesman Doug Alder said.
"While there is no employment reduction target, the more we can control costs as a whole the less impact there will be to employment," Alder said.
The job cuts, which will include hundreds at executive and managerial positions, will not done through involuntary layoffs, Alder said.
Boeing will also cut about 10 percent of the approximately 5,700 jobs in its test and evaluation division, which conducts flight and lab tests, spokeswoman Sandra Angers told Reuters.
The company had a total of 161,400 employees as of Dec. 31.
Reuters had reported last month that Boeing was considering offering voluntary layoffs to its professional engineers and technical workers.
In February, Ray Conner, chief executive of Boeing's airplane business, warned employees that job cuts were necessary to "win in the market, fund our growth and operate as a healthy business."
The Seattle Times had earlier reported that Boeing has taken steps to reduce its workforce.
(Reporting by Bhanu Pratap; Editing by Savio D'Souza)
Entrepreneur Editors' Picks
A 115-Year-Old Startup? The Leaders of This Family Business Are Honoring the Past and Building for the Future.
Turn Your Managers Into Your Biggest Asset for Winning the Great Resignation
'It Was Like a Drug': How Dave's Hot Chicken Grew a Cult Following in an East Hollywood Parking Lot
This Goldman Sachs Alum Launched an App That's Helping Young People Manage Their Finances and Healthcare (And She's Raising Millions of Dollars to Do It)
One of America's Richest Women Took Zero Outside Investors. Here's How Aviator Nation Founder Paige Mycoskie Did It.
4 Expert-Backed Strategies for Improving Your Communication Skills
This Couple Escaped Arranged Marriages in Pakistan. Now They Run a $14 Million Brooklyn Shoe Brand.