Boeing to cut 4,000 jobs by mid-2016

The job cuts are part of a broader effort to reduce costs amid fierce competition from Airbus

30th March, 2016
Boeing commercial aircraft Pic: Getty

The US plane maker doesn’t plan any involuntary layoffs, for now. Rather, the savings will come from 1,600 workers who elected to leave the company under a voluntary programme announced last month, Marc Birtel, a Boeing spokesman, said by e-mail. Another 2,400 positions are either vacant or will be shed through attrition.

The commercial airplane division, which accounted for 68 per cent of Boeing’s 2015 profit, is also flattening its management structure to create a...

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