Boeing to Cut About 5% of Commercial Plane Workforce
Boeing said it will eliminate about 5% of its commercial plane posts through layoffs and attrition as it moderates the pace of ramping up jet production.
Boeing will cut about 5% of its commercial plane workforce as it moderates the pace of ramping up jet production, the company said Monday, according to The Guardian, which published a report from Agence France-Presse.
The Guardian reported that the company will eliminate the posts through a mix of layoffs and attrition. Layoffs involve the direct dismissal of workers, while attrition refers to reductions made when departing employees are not replaced. The report tied the cuts to a slower ramp-up in production.
The New York Times reported the same plan in a story that announced Boeing will cut 5% of its commercial plane employees. According to The New York Times, the company said it needed fewer workers because production was increasing more slowly than previously expected.
Both The Guardian and The New York Times attribute the reductions to the company's own explanation of its production plans. In each account, the slower pace of jet output is presented as the central reason for the decision.
The Guardian and The New York Times, in the reports consulted for this story, did not specify the number of positions affected beyond the roughly 5% share of the commercial workforce. Neither report gave a timetable for the reductions or a breakdown of how many would come through layoffs compared with attrition.
Sources: The Guardian: Boeing to cut about 5% of its commercial plane workforce; The New York Times: Boeing Will Cut 5% of Commercial Plane Employees.