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Boeing internal memo sets details of engineer layoffs in 2017

Thursday, January 12, 2017 - 05:50

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Boeing has not indicated the number of reductions that the company is planning. Executives say that it would continue job cuts this year. The company slashed 10,828 jobs last year.

Seattle

BOEING Co warned on Tuesday that it will conduct involuntary layoffs of engineers, part of a cost-cutting drive as the aerospace and defence company responds to increasing competition amid slowing aircraft sales.

The reductions, disclosed in an internal memo seen by Reuters

sentifi.com

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