Boeing to cut 4,500 Jobs in its operations

Boeing to cut 4,500 Jobs in its operations

US based aircraft manufacturer Boeing has announced that they would be cutting 6.7% of its commercial plane workforce by the end of the second quarter.

The company is not untouched by the current economic crisis and they have to take drastic steps to stay profitable.

Boeing also faces a huge backlog of plane orders which would several years to complete.

The company however said that they have seen only a handful of cancellations or deferrals in its order sheet.

Market sources say that the company has a 3,700-plane backlog. Boeing has a capacity to manufacture around 400 planes in a year.

IAM District 751 President Tom Wroblewski spoke about the new developments: “While Boeing has indicated that many of the announced layoffs will hit non-Boeing labor, our expectation is that Boeing will do the right thing and release the many on-site contractors performing our facilities and maintenance work. We believe Boeing has many other options available, and we will push them to retain their valued employees.”