Boeing to cut 4,500 jobs by 2017
Boeing the world’s largest plane manufacturer has announced that it will cut 4,500 jobs by the middle of 2017 to reduce costs.
A spokesperson for Boeing revealed that 1,600 positions will go through voluntary redundancies while the remainder will take place through attrition.
The cuts will also include “hundreds” of executive and managerial positions.
The majority of the layoffs will be in the company’s commercial aircraft division due to customers ordering fewer planes in recent years.
A spokesperson for Boeing said, “While there is no employment reduction target, the more we can control costs as a whole the less impact there will be to employment”.
These job cuts account for almost 3% of Boeing’s overall workforce.
Boeing delivered 762 planes last year but new orders have not been as frequent.
A spokesperson indicated that the company will focus on reducing costs in other areas by improving productivity, reducing inventory and cutting back on business travel.
