Boeing to cut more commercial jobs in 2017 following 8% 2016 reduction

Boeing anticipates its Commercial Airplanes unit’s workforce will be reduced by 8% by the end of 2016 compared to January, and it is planning additional employee reductions in the unit in 2017, which could include involuntary layoffs. Boeing revealed last week that the 777 production rate will be reduced from 7 per month to 5 per month in August 2017. “The recent 777 rate-reduction announcement is the latest sign that the market is signalling near-term hesitation for twin-aisle aircraft in certain regions,” Boeing Commercial Airplanes president and CE Kevin McAllister wrote in the message to Boeing Commercial Airplanes employees. “But it also illustrates the dynamic business climate in which we currently operate; an environment characterised by fewer sales opportunities and tough competition.” <br/>