Boeing expects to shed 4,500 jobs in its Commercial Airplanes unit this year as it trims overhead "to ensure competitiveness."
Boeing Chairman and CEO Jim McNerney has previously indicated jobs would be shed. This will bring total BCA employment to about 63,500 workers--the level it had at the start of 2008.
The lost jobs are to be concentrated in administrative positions as BCA strives to reduce overhead costs and discretionary spending, rather than in airplane production. Boeing has been boosting production rates to keep up with demand for the past three years.
"We are taking prudent actions to make sure Boeing remains well positioned in today's difficult economic environment," BCA President and CEO Scott Carson says.
Source: Aviation Week