Boeing Co (BA.N) will eliminate about 4,000 jobs in its commercial airplanes division by the middle of this year and another roughly 550 jobs in a division that conducts flight and lab tests, company spokespeople told Reuters.
The planemaker will reduce 1,600 positions in the commercial airplanes division through voluntary layoffs, while the rest of the cuts are expected to be completed by leaving open positions unfilled, spokesman Doug Alder said.
“While there is no employment reduction target, the more we can control costs as a whole the less impact there will be to employment,” Alder said.
The job cuts, which will include hundreds at executive and managerial positions, will not done through involuntary layoffs, Alder said.
