Boeing to eliminate about 4,000 jobs by mid-year 2016

The first Boeing 737 MAX airplane to roll off Boeing’s assembly line last December. Pic: AP.

LOOKING to rein in costs, Boeing Co announced its intention to cut about 4,000 jobs in its commercial aircraft division by the middle of the year.

A spokesperson for the aircraft giant said 1,600 positions will be axed via voluntary layoffs, while the rest of the job cuts will be achieved by leaving vacant positions unfilled.

“While there is no employment reduction target, the more we can control costs as a whole the less impact there will be to employment,” spokesman Doug Alder told Reuters on Tuesday.

Hundreds of executives and managers will be affected by the job cuts, but Alder ruled out involuntary layoffs.

Back in February, the chief executive of Boeing’s aircraft business, Ray Conner told workers that job cuts were needed to “win in the market, fund our growth and operate as a healthy business.”