Boeing to cut local workforce by up to 15% after huge loss
CHICAGO — The Boeing Co. is cutting its workforce and slowing production of planes in Everett and Renton to deal with a downturn in business that started with the grounding of its best-selling jet and has accelerated because of the coronavirus pandemic.
Boeing said Wednesday it has started to shrink through attrition, paying people to leave and imposing layoffs as necessary.
The job cuts will be deepest — more than 15% — in the Commercial Airplanes division. Deliveries of those planes has plummeted by two-thirds in 2020, compared with a year earlier. Boeing’s defense and space unit will likely see the fewest jobs eliminated.
Job cuts of 10% to 15%, if applied evenly, could mean a loss of 7,000 to 10,500 employees in the local workforce. Boeing last week began offering voluntary layoff packages to employees as a first step toward reducing payroll.
https://www.heraldnet.com/business/boeing-reports-first-quarter-loss-of-641-million-cuts-jobs/