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✦Reported by Business Standard

Boeing to cut 5% of commercial aircraft workforce amid production delay

Boeing to cut 5% of commercial aircraft workforce amid production delay
Source: Business Standard

Executive Brief • Key Highlights

Fast factual intelligence distilled for busy investors, executives, and answer bots:

  • ✓Boeing plans to cut 5% of its Commercial Airplanes workforce, affecting around 2,500 roles.
  • ✓Chief Stephanie Pope said in a memo on Monday, "Adjusting our production schedules and reducing aircraft output puts us in an overstaffed position." The company struggles to stabilise output and meet its 737 jetliner production targets.

Story at a Glance

Category
Indian Markets
Reported By
Business Standard
Reading Speed
3 Minute(s)
Market Focus
India Economy

Home / World News / Boeing to cut 5% of commercial aircraft workforce amid production delay

Boeing to cut 5% of commercial aircraft workforce amid production delay

Boeing plans to reduce its Commercial Airplanes workforce by 5%, or around 2,500 roles, as it resets production schedules to give factories and suppliers more time to stabilise output

Boeing plans to cut around 2,500 jobs in its Commercial Airplanes division as production delays push back its 737 output targets and recovery timeline. (Image Credit: Bloomberg)

Barkha Mathur New Delhi

Listen to This Article

Boeing plans to cut around 5 per cent of its Commercial Airplanes workforce as the US aircraft manufacturer struggles to increase production and pushes back key recovery targets, reported Reuters.

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