Boeing to cut at least 4,000 jobs

While the multinational aerospace firm has announced staff reductions for later this year, it says it will try and do so without the need for forced layoffs

Following an announcement in February, Boeing Commercial Airplanes has made moves to cut around 4,000 jobs by June.
 
This decision was made by CEO, Ray Conner, at a senior leadership meeting and came in response to fierce competition from Airbus.
 
However, The Seattle Times alleges it has received an internal Boeing document saying that at least one internal department is due to experience a 10% reduction in headcount.
 
Sources told the paper that figure is almost what is expected to be cut overall, meaning that 8,000 out of the company’s 80,000-strong workforce will be affected.
 
When contacted by HRD, Boeing countered these claims.
 
“There is no target for employment reductions,” a spokesperson said. “We continue to follow our plan announced last month to make fundamental changes for the long-term to win in the market, fund our growth and operate as a healthy business.”
 
This involves a combination of non-labour cost savings, supply chain savings and reduced staff levels, he added.
 
“The more we can control costs as a whole – the less impact there will be to employment.”
 
Total staff reductions through mid-year include hundreds of executives and managers, and are projected to total approximately 4,000 positions. None of these will involve involuntary layoffs, the spokesperson stressed.
 
“We’ve been able to reduce staffing levels through attrition, leaving open positions unfilled and voluntary layoffs,” he said. “We’ll only use involuntary layoffs as a last resort‎.”
 
Staff numbers have been on the decline since 2012 when Boeing employed 174,000 people around the world. At the start of 2016, just over 161,000 employees worked for the company globally.
 
Related stories:
 
Hundreds of jobs cut from oil & gas sector
 
Hiring and pay freeze hits major global bank
 
13,900 Singapore workers cut or redeployed from global firm

Recent articles & video

Executives face criminal charges for fraudulent, deceptive bank transactions

SDC, NTUC LearningHub to upskill about 15,000 Sentosa employees

Employer told to apologise for sexual harassment under landmark ruling: reports

SHRM removes ‘equity’ from DEI program ‘to address flaws’

Most Read Articles

Singapore launches cybersecurity skills pathway amid global shortage

Malaysian university ordered to pay over RM530,000 for 'unfairly' retrenching two academics

MOM sees nearly 700 complaints annually on issuance of pay slips