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Boeing to cut 4500 jobs

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Boeing to cut 4500 jobs

Boeing today said that it will cut about 4500 positions in its Commercial Airplanes business. As a result, the total headcount will decline to about 63,500, which is about the same level as it was at the beginning of 2008, Boeing said. “We are taking prudent actions to make sure Boeing remains well positioned in today’s difficult economic environment,” said Scott Carson, president and CEO of Boeing Commercial Airplanes.

According to a press release, the company already has begun a program to reduce overhead costs and discretionary spending. The job cuts will affect contract workers as well as Boeing employees. The company said that most of the reductions are expected to occur in Washington state in the second quarter of this year. Affected employees will receive 60-day notices beginning in late February.

Boeing noted will support laid-off employees with layoff benefits and career-transition services.