Boeing to cut 5% of workforce

WICHITA, Kan. (KWCH) - Boeing Commercial Airplanes (BCA) notified employees Monday that it plans to reduce its workforce by 5%.

In a notice to employees, Boeing said it has made significant investments in talent, training and infrastructure over the past two years but has not fully recovered despite improvements.

The company said it needs to reset the pace of production rate increases to give its factories and supply chain partners more time to achieve stability. It said adjusted production schedules and reduced aircraft output have left it overstaffed.

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Boeing said the staffing reductions will begin in December and will include a combination of attrition and involuntary layoffs.