Boeing plans to cut commercial aircraft workforce by approximately 5% due to slower production speeds
BA Boeing Co
$173.38 +0.58%
View chart & analysis → - 1Boeing stated that it has excess personnel due to production schedule adjustments and reduced aircraft output.
- 2Stephanie Pope, head of the commercial airplanes division, said the company plans to reduce the Boeing commercial aircraft workforce by approximately 5% through natural attrition and layoffs.
- 3CEO Kelly Ortberg said that production of 737 Max aircraft will not be significantly increased until the second half of next year.
So what's the key point?
Boeing has decided to reduce its workforce by about 5% as it slows down the speed of aircraft manufacturing. Because aircraft production will not increase for the time being, the company needs to adjust its staffing levels.
Source CNBC +7 · View original ↗
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