Transportation

Boeing Plans at Least 4,000 Layoffs

April 10, 2016
By Steven Wishnia and Neal Tepel

CEO Ray Conner

Seattle, WA – Boeing Commercial Airplanes plans to eliminate 4,000 jobs by June and may cut as many as 8,000 this year. The company said Mar. 29 the first round of reductions will come through attrition and about 1,600 buyouts, but if it can’t achieve enough savings, layoffs would come later in the year.

The Seattle Times reported that Boeing expects to reduce its workforce of more than 83,000 by 10%, and more than 1,000 International Association of Machinists members have applied for the buyout. “We have not been notified of these types of reduction numbers,” said Machinists District 751 President Jon Holden. “This should make it clear to the Legislature why it is important to tie guaranteed job numbers to tax incentives, like the other states have done.” Boeing received $8.7 billion in tax breaks from the state in 2013 in exchange for promising to build its new 777X airliner in Washington. CEO Ray Conner told workers in a Webcast last month that the company needs to cut prices to compete with Airbus. But South Carolina executive Beverly Wyse said last month that she doesn’t “anticipate any layoffs” at its nonunion plants there. Read more

April 9, 2016

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