Boeing to cut 4,000 jobs by mid-2016

Mar 30, 2016

Boeing to cut 4,000 jobs by mid-2016

Mar 30, 2016

Boeing will eliminate about 4,000 jobs in its commercial airplanes division by the middle of this year as it looks to control costs, a company spokesman told Reuters on Tuesday. The planemaker will reduce 1,600 positions through voluntary layoffs, while the rest are expected to be done by leaving open positions unfilled, spokesman Doug Alder said. “While there is no employment reduction target, the more we can control costs as a whole the less impact there will be to employment,” Alder said.

The job cuts will include hundreds of executives and managers, but will not done through involuntary layoffs, Alder said. Reuters had reported last month that the company was considering offering voluntary layoffs to its professional engineers and technical workers. READ MORE


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End Time Headlines is a ministry founded, owned, and operated by Ricky Scaparo, established in 2010 to equip believers and inform discerning individuals about the “Signs and Seasons” of the times in which we live. Ricky authors original articles and curates news from mainstream sources, carefully selecting topics, verifying information, and utilizing artificial intelligence tools to ensure content is both timely and accurate. Every piece is personally reviewed and edited by Ricky to align with the ministry’s mission of providing a prophetic perspective on current events.

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