Boeing's logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. | Reuters File Photo 
Business

Boeing to cut hundreds of jobs in United States: Reports

American multinational corporation Boeing has said that it will lay off "hundreds of engineering employees" in Washington state and other company sites on Friday.

From our online archive

WASHINGTON: American multinational corporation Boeing has said that it will lay off "hundreds of engineering employees" in Washington state and other company sites on Friday, the media reported.

"We need to reduce our employment levels further," John Hamilton, Vice President of engineering at Boeing Commercial Airplanes, said on Monday. 

"We anticipate (Friday's notices) will impact hundreds of engineering employees. Additional reductions in engineering later this year will be driven by our business environment and the amount of voluntary attrition," The Hill magazine quoted Hamilton as saying.

The Chicago-based company reportedly offered a round of voluntary buyouts in January, an offer that was accepted by more than 300 engineering and technical staff.

According to the Seattle Times, all the engineering staff who accepted the proposal will permanently leave Boeing on Friday.

Boeing has purportedly cut 1,332 engineering and technical jobs from its Washington workforce since January 2016.

The Seattle Times added that the aviation company issued an earlier round of layoffs in March, resulting in 245 involuntary layoffs, including 62 engineering staff, in mid-May.

The Washington Examiner said Boeing has terminated more than 9,000 employees over the past year, mainly through buyouts and retirements.

The company currently employs 74,200 people, it added, and reported $95 billion in revenue last year.

President Donald Trump had criticised Boeing during his transition period over the cost of its replacement Air Force One programme, calling the price of two new 747s "out of control".    

The Pied Piper of the digital age: Why India must shield young minds from algorithmic enchantment

Hindu man stabbed, set on fire in Bangladesh, escapes by jumping into pond; fourth attack in two weeks

Did candle held close to wooden ceiling spark blaze? Swiss ski resort town reels as 40 feared dead, 115 injured

Parliament in 2026: Will disruption once again overshadow deliberation?

RBI says economy resilient, banks stronger but warns of rising risks from unsecured loans, stablecoins

SCROLL FOR NEXT