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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.


April 1, 2016
By Reuters

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

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