Boeing plans job cuts to keep costs down

Boeing plans job cuts to keep costs down

Boeing plans to cut about 4,000 jobs in its commercial aircraft division by the summer.

Another 550 jobs will go from a unit that conducts flight and lab testing.

Some reports suggested that at many as 8,000 jobs could be lost in an attempt to making $ billion in cost savings – a figure described by Boeing as “hypothetical”.

“There is no employment reduction target,” a spokesman told Reuters. “The more we can control costs as a whole, the less impact there will be to employment.”

The job cuts will include about 1,600 through voluntary layoffs and 2,400 by leaving open positions unfilled, the spokesman said.

The US aircraft manufacturer said the job reductions are part of a broad cost-cutting drive to keep the company competitive.

The savings are necessary to “win in the market, fund our growth and operate as a healthy business,” Ray Conner, chief executive of the commercial aircraft business, told employees last month.

The company ruled out involuntary layoffs.


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