Fri, Jul 18, 2003
4000 to 5000 More For States' Unemployment Lines
Boeing Commercial Airplanes announced it
will reduce employment by an additional 4,000 to 5,000 people by
the end of 2003 due to continued weakness in the commercial airline
industry. The reductions will be accomplished through layoffs and
attrition.
These are in addition to the 5,000 employment reductions for
this year Commercial Airplanes forecast in November 2002.
Commercial Airplanes estimates that its year-end 2003 employment
total will be between 55,000 and 56,000 people. (This total
includes approximately 800 employees who left the company with the
recent divestiture of a facility in Corinth TX.)
"This is an unprecedented and very difficult time for all of us
in the commercial aviation business," said Alan Mulally, Boeing
Commercial Airplanes president and CEO. "While we are optimistic
about the long-term outlook for the industry, many of our airline
customers continue to face significant challenges as they struggle
to recover their financial health and regain the ability to order
new airplanes and related services. These actions are extremely
painful for all of us at Boeing. We recognize and appreciate
everything that employees affected by this decision have done for
our company."
The company also said Thursday that its next round 60-day
notices will be issued Friday to 660 employees. The effective
layoff date for those receiving 60-day notices tomorrow is
September 19, 2003.
Boeing will continue to provide a variety of services through
career transition centers, and organizational and individual
counseling to help all of its employees deal with this
transition.
More News
Inversion to Launch Reentry Vehicle Demonstrator Aboard SpaceX Falcon 9 This fall, the aerospace startup Inversion is set to launch its Ray reentry demonstrator capsule aboard Spac>[...]
"We are excited to accelerate the adoption of electric aviation technology and further our journey towards a sustainable future. The agreement with magniX underscores our commitmen>[...]
"The journey to this achievement started nearly a decade ago when a freshly commissioned Gentry, driven by a fascination with new technologies and a desire to contribute significan>[...]
Aero Linx: OX5 Aviation Pioneers Each year a national reunion of OX5 Aviation Pioneers is hosted by one of the Wings in the organization. The reunions attract much attention as man>[...]
"Our driven and innovative team of military and civilian Airmen delivers combat power daily, ensuring our nation is ready today and tomorrow." Source: General Duke Richardson, AFMC>[...]