60670
Boeing aims to cut its commercial airplane unit’s workforce by 8%.
Boeing aims to cut its commercial airplane unit’s workforce by 8%.

1,880 Boeing Workers Take Voluntary Layoffs

1,880 Boeing Workers Take Voluntary Layoffs

Boeing Co. has accepted 1,880 voluntary layoffs from its union machinists and engineers in the Seattle area, the unions said on Thursday, part of the jet maker’s drive to cut costs through job reductions and other measures.
Boeing’s machinists union, the touch labor that builds airplanes near Seattle, said about 1,575 workers had taken voluntary layoffs by the deadline in February, Reuters reported.
Boeing’s white-collar union said Boeing accepted 305 members for voluntary layoffs in January. Last year, Boeing cut about 1,200 white-collar union jobs - 850 through voluntary layoffs and 350 through involuntary reductions, said Bill Dugovich, spokesman for the Society of Professional Engineering Employees in Aerospace.
“Boeing has told us to expect about the same number of total layoffs in 2017 as 2016,” he said.
The job reductions had been announced last year and workers had until Feb. 1 to apply.
“These are all voluntary, where people planned to retire or had other plans,” said Connie Kelliher, a spokeswoman for the International Association of Machinists and Aerospace Workers District 751.
Boeing said it did not have a specific target number for its job reductions at the commercial airplane unit but was sticking with the broad plan of reducing jobs it outlined in December.
“We are reducing costs and aligning employment levels to business and market requirements,” spokesman Paul Bergman said. “Employment reductions will come through a combination of attrition, leaving open positions unfilled, voluntary layoff program and in some cases, involuntary layoffs.”
Boeing offered the buyouts to workers last year as part of an 8% workforce reduction at its commercial airplane business. The unit had about 74,600 workers at the end of February. Boeing said in December it would cut an as-yet-undetermined number of jobs in 2017.
No machinists have had involuntary layoffs for several years, Kelliher said.
Boeing’s shares closed down 0.5% at $182.99 on the New York Stock Exchange.

Short URL : https://goo.gl/FBoJ7b
  1. https://goo.gl/2Of04t
  • https://goo.gl/r2LFn7
  • https://goo.gl/fFTQLr
  • https://goo.gl/qwFc90
  • https://goo.gl/nwnhOF

You can also read ...

Nigeria Inflation Dips Further
For the eight consecutive months, Nigeria’s inflation rate...
Ethiopia topped the list with FDI inflows surging  by 46% to $3.2 billion.
Foreign direct investment inflows to West African countries...
Capital outflows through the banking system have accounted for as much as $27 billion since the crisis.
Unsurprisingly, Qatar has been on the investor radar...
Exports extended their growth trajectory for the ninth consecutive month in August.
Economic growth in the third quarter is expected to receive a...
Vietnamese Prime Minister Nguyen Xuan Phuc (rear) speaks at the 24th APEC Finance Ministers’ Meeting in Hoi An, Quang Nam Province, in central Vietnam, on Oct. 21.
At their 24th meeting in Vietnam, finance ministers of the 21...
Currently, the total amount of the eurozone’s NPLs is estimated at $1 trillion. However, undercapitalized Italian banks are objecting  to such ECB recommendations.
The European Central Bank is poised to start wrapping up its...
Oman GDP Grows by 12%, Deficit Narrows
Oman’s economy has achieved a robust 12.3% growth rate to...
Tanzania Current A/C Deficit Shrinks
Tanzania’s central bank revealed that its current account...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus