What Happened
Aerospace Giant Slows Production Amid Troubles
Boeing plans to cut about 5% of its commercial airplane workforce as it slows plans to increase production, according to multiple media reports. The reductions will come through layoffs and attrition, affecting workers at one of the Puget Sound region’s largest employers. Boeing Commercial Airplanes CEO Stephanie Pope told employees that the company needs to slow production increases to give its factories and suppliers more time to stabilize. The news was first reported by Axios.