Boeing declares massive job reductions

Published:

On: May 2020

According to the reports, Boeing is anticipated to declare American job reductions this week after unfolding previous month it planned to shed ten percent of its global workforce of almost 160,000 workers. A spokesman for the Society of Professional Engineering Employees in Aerospace(SPEEA) union that showcases 17,600 Boeing workers told that the firm informed the union it should expect American job reductions notices on Friday.

But the company declined to comment on this statement. In last month, the chief executive of Boeing Dave Calhoun stated that the firm had started taking action to decrease number of employees by almost 10 percent through a merge of voluntary layoffs, and inventory layoffs as required. Mr. Calhoun said that the company will require to create even deeper American job reductions in different zones that are largely exposed to the situation of commercial customers, over 15 percent across commercial airplanes as well as services businesses and corporate functions.

SPEEA said that nearly 1,300 of its members applied to take voluntary job cuts. Earlier, it is reported that Boeing planned to cut thousands of employees. A union executives approved that the firm has urged union leaders to assume drops of between 15 to 20 percent of its membership, which signs engineers and technical employees in Washington and southern California.