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Boeing to slash thousands more jobs through 2021

Wednesday, 28 October 20203 min read
Boeing to slash thousands more jobs through 2021

Plane maker Boeing plans to make thousands more job cuts through the end of next year.

About 19,000 workers leave Boeing this year but many thousands more positions will go.

Jobs will go due to natural attrition but compulsory redundancies are likely for many.

"As we align to market realities, our business units and functions are carefully making staffing decisions to prioritize natural attrition and stability," CEO Dave Calhoun told employees in an internal briefing note.

"We anticipate a workforce of about 130,000 employees by the end of 2021. Throughout this process, we will communicate with you every step of the way."

That means about 7,000 more jobs will go.

The company didn’t sign a single order for new commercial jets in September.

Boeing posted a loss of $754 million, excluding special items, in the third quarter as revenue fell $5.8 billion.

Written by Ray Montgomery, US Editor