GO
| HSI1 | 24,557.04 | +108.09 | 178.17B |
| HSCEI1 | 8,265.81 | +5.66 | 57.75B |
| Back Zoom + Zoom - Block Traded | |
|
Boeing's Commercial Airplanes Unit Plans 5% Job Cuts, Affecting ~2,500 Employees: Wire
2026-11-10 17:10:25 Stephanie Pope, head of Boeing (BA.US)'s commercial airplanes division, told employees in an internal memo on Monday (9th) that the division plans to reduce its workforce by 5% as it struggles to increase passenger aircraft production. Pope said in the memo that, as shared in the group's 3Q financial results, the company needs to reset the pace of production increases to provide factories and supply chain partners with additional time to achieve stability, according to Reuters. Adjustments to the company's production plans and lower aircraft output have resulted in excess staffing. According to the memo, the layoffs will be carried out through natural attrition and involuntary job cuts, with notices potentially being issued as early as December. Boeing is required in many states to provide employees with 60 days' advance notice. According to information on the company's website, Boeing's Seattle-headquartered commercial airplanes division employed 50,494 workers as of last December, implying that about 2,500 employees could be affected. ~ AASTOCKS Financial News Website: www.aastocks.com | |