Boeing to cut 4,000 jobs from commercial airplane division

Chicago

BOEING Co plans to slash about 4,000 jobs from its commercial airplane unit by mid-year as part of a broader effort to reduce costs amid fierce competition from Airbus Group SE.

The US planemaker doesn't plan any involuntary layoffs, for now. Rather, the savings will come from 1,600 workers who elected to leave the company under a voluntary programme announced last month, Marc Birtel, a Boeing spokesman, said. Another 2,400 positions are either vacant or will be shed through attrition.