Aircraft
Boeing Commercial To Slash 4,000 Jobs by Mid-Year
Blames pricing pressure from Airbus for latest cost-cutting push
Although Boeing continues to operate from a position of strength in the widebody market, pricing pressure from Airbus has reduced its overall market share to 46 percent. (Photo: Boeing)
Although Boeing continues to operate from a position of strength in the widebody market, pricing pressure from Airbus has reduced its overall market share to 46 percent. (Photo: Boeing)

Boeing has begun a cost-cutting exercise that will result in the loss of 4,000 jobs in its commercial airplanes unit by the end of June, the company confirmed Wednesday. Although the company plans to reach that figure through voluntary layoffs and natural attrition, Boeing’s longer term plans call for as much as a 10 percent cut in its workforce in Washington state, resulting in the loss of some 8,000 jobs, according to a report by the Seattle Times referencing a leaked internal company document. The cuts will include hundreds of executives and managers, said Boeing.


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