Boeing Faces Risk as It Starts Job Cuts in Tight Labor Market
This article is for subscribers only.
Boeing Co. will start sending out pink slips on Wednesday to employees affected by a planned round of job cuts, a delicate balancing act between improving efficiency and keeping together a skilled workforce to help lift output again.
The company announced a 10% reduction in positions last month, equivalent to about 17,000 employees. The move is aimed at restoring Boeing’s competitive edge as it reels from multiple crises, including reduced output in the wake of a near-catastrophic accident in January and a strike that shut down most of its production for seven weeks.