Boeing To Alash 4,000 Jobs From Commercial Division

Boeing is planning to cut up to 4,000 jobs from its commercial aircraft division by Q2 2016 as part of a cost reduction drive.

Boeing is planning to cut up to 4,000 jobs from its commercial aircraft division by Q2 2016 as part of a cost reduction drive.

After Boeing Commercial Airplanes CEO Ray Conner announced plans to cut jobs in February, the Seattle Times newspaper reported on Tuesday (March 29) that the OEM has already moved towards cutting the roles by June, and the figure could double by the end of 2016 to 8,000 jobs – accounting for 10 per cent of its commercial division workforce.

Marc Birtel, a Boeing spokesman, told Bloomberg that 1,600 staff will leave the aircraft manufacturer initially as part of a voluntary redundancy programme, with an additional 2,400 positions becoming vacant or cut altogether.

Boeing said the job reductions are to maintain competitiveness with rival Airbus and it has been estimated that staff cuts could reduce its costs by up to $1bn.

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