Boeing Cutting 4,000 Jobs In an Effort to Reduce Costs as It Competes With Airbus

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In an effort to reduce costs, Boeing is cutting 4,000 jobs through normal attrition, voluntary buyouts and leaving open positions unfilled.

Citing softer demand for aircraft, in addition to Boeing’s need to keep up with rival Airbus, the jobs cuts will encompass approximately 2% of its worldwide staff.

Company spokesman Doug Adler said, “We’ll only use involuntary layoffs as a last resort.”

In total, Boeing has wiped out 13,000 jobs since the end of 2012, and also plans to cut commercial jet deliveries by about 20 in 2016.

The 737 MAX continues to be the best selling jet Boeing currently has in its lineup.

Marshall Smith

Technology, engineering, and design enthusiast.