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<font size="+1">A March 29, 2016, Seattle Times headline reads:<br>
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Boeing job cuts this year could reach 10 percent <br>
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<a class="moz-txt-link-freetext" href="http://tinyurl.com/jzaf9pd">http://tinyurl.com/jzaf9pd</a> <br>
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Boeing Commercial Airplanes has taken steps expected to eliminate
4,000 jobs by June — and that may be only halfway towards the
total cuts this year.<br>
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By Dominic Gates<br>
Seattle Times aerospace reporter<br>
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Since Boeing Commercial Airplanes CEO Ray Conner announced a drive
to cut the workforce six weeks ago, his team has taken steps
expected to eliminate 4,000 jobs by June — and that may be only
halfway towards the total cuts this year.<br>
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An internal Boeing document obtained by the Seattle Times reveals
that at least one company unit is targeting a 10 percent workforce
reduction overall.<br>
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And people with knowledge of what’s planned say that’s roughly the
percentage of jobs expected to be cut statewide. That would
translate to as many as 8,000 jobs being eliminated.<br>
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Asked about the plans, Boeing said Tuesday the initial jobs
eliminated include “hundreds of executives and managers” and that
the 4,000 figure will be achieved through normal attrition and a
voluntary buyout package for about 1,600 employees.<br>
<br>
The workforce reduction is part of a major cost-saving push that
also involves squeezing supplier costs, increasing productivity,
shrinking inventory and cutting travel, overtime, services and
contractor expenses — an effort that Boeing said “involves taking
out billions of dollars in cost by the end of 2016.”<br>
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If enough savings cannot be found elsewhere and more job cuts are
required, layoffs would come later in the year, Boeing said.<br>
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Boeing Commercial Airplanes (BCA) vice president of communications
Sean McCormack said Tuesday that “our targets are dollar-based.”<br>
<br>
“The more we reduce non-labor costs, the less impact there will be
to jobs,” he said.<br>
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<[More on the story at the link]> </font><font size="+1"><a class="moz-txt-link-freetext" href="http://tinyurl.com/jzaf9pd">http://tinyurl.com/jzaf9pd</a><br>
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<br>
Ken<br>
<br>
P.S.: I do not suppose this is news 2016 graduates looking toward
Seattle would prefer to read. -- KM<br>
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