Boeing Deepens Jetliner Job Cuts as Risk of Sales Downturn Looms
- Planemaker sees tough competition, fewer chances to win orders
- Company and rival Airbus have been streamlining operations
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Boeing Co. is making deeper job cuts in its commercial airplane business and planning further reductions for 2017, citing “fewer sales opportunities and tough competition.”
The U.S. planemaker will trim the workforce in its largest division by 8 percent by the end of this year compared with the January level, Boeing Vice Chairman Ray Conner and Kevin McAllister, chief executive officer of the jetliner unit, said in a memo to employees Monday. That implies a reduction of about 6,600 jobs based on employment on Jan. 28. In March, the company said it expected to cut 4,000 by midyear.