Boeing Job Cuts

Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region.

Plane maker Boeing plans to cut around 2,000 jobs in finance and human resources departments this year as it focuses on engineering and manufacturing, the company said.

Boeing Co said Wednesday it was eliminating more than 12,000 US jobs, including involuntary layoffs of 6,770 US workers as the largest American planemaker restructures in the face of the coronavirus pandemic.

Boeing plans to reduce the workforce in its civil aviation unit by 10 percent to cut costs as the coronavirus causes a crisis for airlines, two sources familiar with the matter told AFP.

The changes related to job cuts and the consolidation were not material, a Boeing spokesman told Reuters.

British investment and employment are likely to be flat over the coming year because of the June vote to leave the European Union, according to a Bank of England survey of businesses that leaves it on track to cut interest rates again this year.

Boeing Co plans to cut up to 8,000 jobs this year at its commercial airplane division, according to two people familiar with the matter, a move that could slash $1 billion in costs and help it battle for sales against European rival Airbus.

Boeing Co will eliminate about 4,000 jobs in its commercial airplanes division by the middle of this year and another roughly 550 jobs in a division that conducts flight and lab tests, company spokespeople told Reuters.

Speaking in Seattle at an annual conference with analysts on Wednesday, McNerney also said Boeing's job was to improve execution and productivity to cut costs and boost margins.

US aerospace giant Boeing said Friday it would cut between 2,000 to 2,300 jobs by the end of the year in the Seattle region as it winds down development of its 787 and 747 aircraft.

Boeing Co will cut hundreds of jobs at a South Carolina plant that makes 787 Dreamliners over the course of this year, but the move has nothing to do with the recent grounding of the troubled jetliner, the Wall Street Journal reported on Thursday.

Boeing said on Wednesday it will restructure its defense, space and security business and cut 30 per cent of management jobs from 2010 levels as part of a broad cost-cutting drive.

Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region.

Plane maker Boeing plans to cut around 2,000 jobs in finance and human resources departments this year as it focuses on engineering and manufacturing, the company said.

Boeing Co said Wednesday it was eliminating more than 12,000 US jobs, including involuntary layoffs of 6,770 US workers as the largest American planemaker restructures in the face of the coronavirus pandemic.

Boeing plans to reduce the workforce in its civil aviation unit by 10 percent to cut costs as the coronavirus causes a crisis for airlines, two sources familiar with the matter told AFP.

The changes related to job cuts and the consolidation were not material, a Boeing spokesman told Reuters.

British investment and employment are likely to be flat over the coming year because of the June vote to leave the European Union, according to a Bank of England survey of businesses that leaves it on track to cut interest rates again this year.

Boeing Co plans to cut up to 8,000 jobs this year at its commercial airplane division, according to two people familiar with the matter, a move that could slash $1 billion in costs and help it battle for sales against European rival Airbus.

Boeing Co will eliminate about 4,000 jobs in its commercial airplanes division by the middle of this year and another roughly 550 jobs in a division that conducts flight and lab tests, company spokespeople told Reuters.

Speaking in Seattle at an annual conference with analysts on Wednesday, McNerney also said Boeing's job was to improve execution and productivity to cut costs and boost margins.

US aerospace giant Boeing said Friday it would cut between 2,000 to 2,300 jobs by the end of the year in the Seattle region as it winds down development of its 787 and 747 aircraft.

Boeing Co will cut hundreds of jobs at a South Carolina plant that makes 787 Dreamliners over the course of this year, but the move has nothing to do with the recent grounding of the troubled jetliner, the Wall Street Journal reported on Thursday.

Boeing said on Wednesday it will restructure its defense, space and security business and cut 30 per cent of management jobs from 2010 levels as part of a broad cost-cutting drive.