Boeing to lay off 10% of its global workforce

According to union sources briefed on the plans, Boeing Co is set to announce U.S. job cuts sometime this week following its disclosure last month that it plans on cutting 10% from its worldwide workforce of 160,000 employees.

In a statement, a spokesman for the Society of Professional Engineering Employees in Aerospace (SPEEA) union, which represents 17,600 Boeing employees, said, Boeing has informed the union it should expect layoff notices on Friday.

Boeing declined to comment.

Earlier last month, Boeing’s CEO Dave Calhoun had stated the company had “begun taking action to lower our number of employees by roughly 10% through a combination of voluntary layoffs, natural turnover and involuntary layoffs as necessary.”

He had also disclosed that month that Boeing will need to make “even deeper reductions in areas that are most exposed to the condition of our commercial customers — more than 15% across our commercial airplanes and services businesses, as well as our corporate functions.”

In a statement SPEEA said, around 1,300 of its members have applied for voluntary layoffs.

With the coronavirus bring global travel to a standstill, the aviation sector worldwide is reeling from the impact of the coronavirus pandemic.

For the second time in 2020, in April Boeing recorded zero orders and witnessed customers canceling another 108 orders for its grounded 737 MAX compounding its worst start to a year since 1962.

Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: