Page last updated at 17:50 GMT, Wednesday, 28 January 2009

Boeing plans to cut 10,000 jobs

 An American flag blows outside a Boeing plant in Wichita, Kansas (file photo)
Boeing lost out to rival Airbus in global plane deliveries in 2008

Boeing says it will cut 10,000 jobs this year, about 6% of its total workforce, in response to the global economic crisis.

That includes the 4,500 job cuts announced by the commercial aircraft division earlier this month.

Boeing made a loss in the final three months of 2008 after a strike by workers disrupted aircraft deliveries.

The aerospace firm made a loss of $56m (39m) in the quarter, compared with a profit of $1.03bn a year ago.

The loss was caused by a 58-day strike by Boeing's machinists' union and charges related to delays on its redesigned 747 freighter aircraft.

The strike by assembly workers prevented delivery of about 70 Boeing planes.

We must prepare the company, including being more aggressive in terms of productivity
Jim McNerney, chief executive, Boeing

Boeing has been losing ground to rival European planemaker Airbus, which delivered and received more orders for planes than Boeing last year.

Airlines are expected to cut spending on new jets as the economic downturn hits demand for air travel.

"The global economy continues to weaken, and it's affecting air traffic and financing," said Jim McNerney, Boeing chief executive.

"We must prepare the company, including being more aggressive in terms of productivity."

He said the 10,000 cuts would be made "through attrition, retirement and layoffs".

Boeing employs about 600 people in the UK. The company has not revealed where the cuts will be made.

Print Sponsor

Airbus takes top planemaking spot
15 Jan 09 |  Business
Boeing postpones Dreamliner again
11 Dec 08 |  Business
Strike delays Boeing 787 launch
04 Nov 08 |  Business
Boeing machinists return to work
02 Nov 08 |  Business
Boeing unions reach strike deal
28 Oct 08 |  Business

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2019 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific