Boeing to cut about 4,000 jobs by mid-2016

Boeing will eliminate about 4,000 jobs in its commercial airplanes division by the middle of this year.
Boeing will eliminate about 4,000 jobs in its commercial airplanes division by the middle of this year. PHOTO: REUTERS

NEW YORK (REUTERS) - Boeing will eliminate about 4,000 jobs in its commercial planes division by the middle of this year as it looks to control costs, a company spokesman told Reuters on Tuesday (March 29).

The planemaker will reduce 1,600 positions through voluntary layoffs, while the rest are expected to be done by leaving open positions unfilled, spokesman Doug Alder said.

"While there is no employment reduction target, the more we can control costs as a whole, the less impact there will be to employment," Mr Alder said.

The job cuts will include hundreds of executives and managers, Mr Alder said.

Reuters reported last month that the company was considering offering voluntary layoffs to its professional engineers and technical workers.

In February, Mr Ray Conner, chief executive of Boeing's plane business, warned employees that job cuts were necessary to "win in the market, fund our growth and operate as a healthy business".

The Seattle Times earlier reported that Boeing had taken steps expected to eliminate 4,000 jobs by June.