What Happened
Aircraft Manufacturer Reduces Workforce By 5 Percent
Boeing is reducing its commercial airplanes workforce by around 5 percent, citing supply chain issues and slow production. The company is struggling to ramp up manufacturing of 737 MAX aircraft, with production expected to reach 52 aircraft per month in late 2027. Boeing’s current commercial airplanes backlog stands at over 6,300, valued at $612 billion. This development was reported by Australian Aviation.