What Happened
Aerospace Giant Adjusts Workforce Due To Reduced Output Plans
Boeing will cut about 5% of its commercial plane workforce due to a slower ramp-up in jet production. The company aims to provide its factories and supply chain partners with additional time to achieve stability. Boeing executives had previously signaled slower plans to raise plane output, citing the need for greater predictability in wing production and fuselage manufacturing. This decision was reported by Agence France-Presse.