This aerospace firm gives 60-day notice for involuntary layoffs in May
By Web Dev Published: March 20, 2017
Boeing spokesman confirmed the 60-day notice but decline to give the specific date when this layoff will push through.
On Friday, workers at the company’s Washington state factories were informed by their union that Boeing had issued a federally required notice that “involuntary layoffs were scheduled for May”, CNN Money reported.
The company has been cutting staff to reduce costs since early 2016, but the notices are the first official signal from the company that it will lay off some of the factory workers who assemble its jets.
After years of record buying, the pace of orders for Boeing’s twin-aisle jets, including it’s 777 and 787 Dreamliners, has slowed significantly.
Boeing is cutting back current-generation 777 production, its most profitable large jet, by nearly 60% from its peak.
As of last month, Boeing had 148,000 workers.
The company had already cut the jetliner unit’s headcount by 9% in the past year, local news reported. -KCO