Boeing to cut more jobs amid faltering profits
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The Boeing logo on the Boeing 737 MAX 9 airplane
US aircraft manufacturer Boeing has announced new involuntary layoffs to reduce costs, one of the company’s many such arrangements this year to save its faltering profits.
The firings follow a round of voluntary buyouts Boeing offered to its staff in January. Back then, more than 300 engineering and technical staff and 1,500 members of the Machinists union accepted the offer.
Boeing told all of the engineers and around 1,000 of the machinists that they should leave the company permanently this Friday.
“We need to reduce our employment levels further,” John Hamilton, vice president of engineering at Boeing Commercial Airplanes, wrote in a memo, according to The Seattle Times.
In late March, Boeing issued another 245 involuntary layoff notices that will take effect in mid-May.
This is while, since January last year, the company has fired 1,332 engineering and technical employees from its Washington workforce.
The job cuts come despite previous rounds of voluntary reductions and layoffs, in addition to further cuts through natural attrition.
“We anticipate (Friday’s notices) will impact hundreds of engineering employees,” read the memo by Hamilton. “Additional reductions in engineering later this year will be driven by our business environment and the amount of voluntary attrition.”
EA
