World : Boeing To Cut 5 Pct Of Commercial Aeroplane Workforce As Production Ramp-up Slows
ISTANBUL, Nov 10 (Bernama-Anadolu) -- Boeing plans to reduce its commercial aeroplane workforce by approximately 5 per cent as slower production increases leave the division overstaffed, according to a message to employees from its chief Stephanie Pope, Anadolu Ajansi (AA) reported.
Boeing Commercial Airplanes plans to reduce its commercial jet workforce by five percent due to production challenges, according to an internal memo from the division's chief Stephanie Pope. The company needs more time to stabilize production at its factories and supply chain partners, which has caused it to fall behind on its 737 jetliner production and delivery targets.
Boeing CEO Kelly Ortberg expects the company to only reach 47 jets produced per month by early 2027, a year later than initially projected. The company also anticipates reaching $10 billion in free cash flow a year later than expected, in 2029. Boeing's 737 narrowbody jet is its primary revenue generator, making increased production crucial for financial recovery. The Seattle-based division currently employs 50,494 people.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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