Major commercial cutbacks at Boeing planned
Boeing Co plans to cut up to 8,000 jobs this year at its commercial airplane division, according to two people familiar with the matter, a move that could slash $1 billion in costs and help it battle for sales against European rival Airbus.
Boeing on Wednesday acknowledged plans to cut about 4,000 jobs in its commercial airplanes division by mid-year, and another 550 jobs in a unit that conducts flight and lab testing.
Sources said the company’s broad goal is to cut jobs by 10 percent at its commercial airplane unit, which has about 80,000 employees. | READ MORE