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Boeing to cut 5% of its commercial airplane workforce

FinanceInternationalCNBCAI summary
Image: CNBC

Boeing plans to cut about 5% of its commercial airplane workforce because its production ramp-up is moving slower than expected. Stephanie Pope, head of the commercial aircraft unit, said in a memo to staff that the cuts will come through a combination of attrition and layoffs, with notifications beginning in December. Pope said adjusting production schedules and reducing aircraft output leaves the company overstaffed. CEO Kelly Ortberg said he does not expect a significant increase in 737 Max output until the second half of 2027.

In 35 seconds

  • Boeing will cut about 5% of its commercial airplane workforce
  • The cuts combine attrition and layoffs, with notifications starting in December
  • The company is aligning staffing with a revised business plan after a slower production ramp-up
Read the full story at CNBC

IASummary generated by artificial intelligence from a story by CNBC. It may contain errors: the original source prevails.

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