Boeing Says It Will Cut Jobs in Commercial Aircraft Business
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Boeing Co. plans to cut jobs in its commercial airplane division, the company’s largest business, as part of cost reductions intended to improve competitiveness.
The planemaker will first seek to trim executive and managerial positions, Ray Conner, chief executive of the Boeing unit, told employees Wednesday in a webcast. Involuntary cuts may be necessary as a last resort in addition to attrition and voluntary departures, he said.