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Boeing to cut about 5% of its commercial plane workforce

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Guardian Business
By Agence France-Presse
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Boeing to cut about 5% of its commercial plane workforce
Photo / Coverage: Guardian BusinessCredit: Agence France-Presse
EXECUTIVE SUMMARY

Company will cut jobs through a mix of layoffs and attrition as it moderates the pace of ramping up jet production Boeing will cut about 5% of its commercial plane workforce as it moderates the pace of ramping up jet production, the company said Monday. The company will eliminate the posts through a mix of layoffs and attrition because of a slower ramp-up to “provide our factories and supply chain partners additional time to achieve stability”, said a message to employees from Boeing commercial

Key Takeaways

  • Boeing to cut about 5% of its commercial plane workforce.

Company will cut jobs through a mix of layoffs and attrition as it moderates the pace of ramping up jet productionBoeing will cut about 5% of its commercial plane workforce as it moderates the pace of ramping up jet production, the company said Monday.The company will eliminate the posts through a mix of layoffs and attrition because of a slower ramp-up to “provide our factories and supply chain partners additional time to achieve stability”, said a message to employees from Boeing commercial chief Stephanie Pope. Continue reading...

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