|
Boeing Commercial Airplanes today announced it will reduce employment
by an additional 4,000 to 5,000 people by the end of 2003 due to continued
weakness in the commercial airline industry. The reductions will be accomplished through layoffs and attrition.
These are in addition to the 5,000 employment reductions for this year
Commercial Airplanes forecast in November 2002. Commercial Airplanes estimates that its year-end 2003 employment total will be between 55,000
and 56,000 people. This total includes approximately 800 employees who left the company with the recent divestiture of a facility in Corinth, Texas.
"This is an unprecedented and very difficult time for all of us in the
commercial aviation business," said Alan Mulally, Boeing Commercial Airplanes president and CEO. "While we are optimistic about the long-term
outlook for the industry, many of our airline customers continue to face
significant challenges as they struggle to recover their financial health and
regain the ability to order new airplanes and related services. These actions are extremely painful for all of us at Boeing. We recognize and
appreciate everything that employees affected by this decision have done
for our company."
The company also said today that its next round 60-day notices will be
issued tomorrow to 660 employees. The effective layoff date for those receiving 60-day notices tomorrow is Sept. 19, 2003.
Boeing
said it will continue to provide a variety of services through career
transition centers, and organizational and individual counseling to help all
of its employees deal with this transition. |
