Boeing to trim about 5% of commercial airplane staff, Seattle Times reports citing memo; notices in December
Key points
- Boeing plans to cut about 5% of staff through a mix of layoffs and attrition; the number of layoffs is unclear.
- Those affected will be notified in December.
- According to the report, Boeing shares fell 0.4%.
Boeing is trimming its workforce by about 5% and slowing its commercial airplane production ramp-up, the Seattle Times reported, citing a Monday memo from Stephanie Pope. The cut will combine layoffs and attrition; how many will be laid off is unclear, and those affected will be notified in December. Boeing shares fell 0.4%.
Original report: Bloomberg Law News ↗Edited with AI assistance. Facts are based on official sources and original reports.