What Happened
Slower Production Plans Prompt Layoffs and Attrition
Boeing will cut about 5% of its commercial plane workforce as it moderates the pace of ramping up jet production. The company will eliminate posts through a mix of layoffs and attrition, citing the need to provide its factories and supply chain partners additional time to achieve stability. Boeing commercial chief Stephanie Pope praised the team for improved operations, but noted that the company has not yet fully recovered from previous challenges. The news was reported by an unknown source.