[Vision2020] Boeing job cuts this year could reach 10 percent

[Kenneth Marcy]

A March 29, 2016, Seattle Times headline reads:

Boeing job cuts this year could reach 10 percent

http://tinyurl.com/jzaf9pd

Boeing Commercial Airplanes has taken steps expected to eliminate 4,000 
jobs by June — and that may be only halfway towards the total cuts this 
year.

  By Dominic Gates
Seattle Times aerospace reporter

Since Boeing Commercial Airplanes CEO Ray Conner announced a drive to 
cut the workforce six weeks ago, his team has taken steps expected to 
eliminate 4,000 jobs by June — and that may be only halfway towards the 
total cuts this year.

An internal Boeing document obtained by the Seattle Times reveals that 
at least one company unit is targeting a 10 percent workforce reduction 
overall.

And people with knowledge of what’s planned say that’s roughly the 
percentage of jobs expected to be cut statewide. That would translate to 
as many as 8,000 jobs being eliminated.

Asked about the plans, Boeing said Tuesday the initial jobs eliminated 
include “hundreds of executives and managers” and that the 4,000 figure 
will be achieved through normal attrition and a voluntary buyout package 
for about 1,600 employees.

The workforce reduction is part of a major cost-saving push that also 
involves squeezing supplier costs, increasing productivity, shrinking 
inventory and cutting travel, overtime, services and contractor expenses 
— an effort that Boeing said “involves taking out billions of dollars in 
cost by the end of 2016.”

If enough savings cannot be found elsewhere and more job cuts are 
required, layoffs would come later in the year, Boeing said.

Boeing Commercial Airplanes (BCA) vice president of communications Sean 
McCormack said Tuesday that “our targets are dollar-based.”

“The more we reduce non-labor costs, the less impact there will be to 
jobs,” he said.


<[More on the story at the link]> http://tinyurl.com/jzaf9pd


Ken

P.S.:  I do not suppose this is news 2016 graduates looking toward 
Seattle would prefer to read.  -- KM

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