Boeing to cut 8,000 jobs

According to sources, aircraft manufacturing firm Boeing Co plans to cut about 8,000 jobs in 2016 in the commercial airplane division in an attempt to slash costs by $1bn and remain competitive with rival Airbus.

The company plans to cut 4,000 jobs in the commercial airplane division by mid-2016 and about 550 jobs from its unit conducting flight and lab tests.

Although Boeing has outpaced Airbus in terms of 70 new orders for Feb-16 as compared to Airbus’s 18, the company aims to continue operating with a lesser workforce.

Source:  Reuters

 

 

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s