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Boeing cutting commercial airline jobs; involuntary layoffs may - Live5News.com | Charleston, SC | News, Weather, Sports

Boeing cutting commercial airline jobs; involuntary layoffs may be necessary

Source: WCSC Source: WCSC
NORTH CHARLESTON, SC (WCSC) -

Boeing announced on Wednesday that it will start cutting commercial airline jobs, which includes North Charleston's campus, to save money in a competitive marketplace.

The announcement was made during a webcast with employees.

Officials with Boeing have not said when the layoffs will begin.

But, the aerospace giant says the cuts will start first with executives and managers.

A spokesman says the cuts will ultimately effect "employment levels across all" the commercial airplane unit which includes the 787 Dreamliner campus.

Boeing plans to offer voluntary layoffs to reach employment goals. Boeing says the involuntary layoffs may be necessary as a last resort.

The company released the following statement Wednesday afternoon: 

Boeing Commercial Airplanes President and CEO Ray Conner addressed employees during a webcast about the competitive landscape today.

To win in the market, fund our growth and operate as a healthy business, we are taking thoughtful steps to reduce the cost of designing and building our airplanes, part of which involves evaluating our employment levels across all of Commercial Airplanes. We will start reducing employment levels beginning with executives and managers first. We will also use attrition and voluntary layoffs. As a last resort, involuntary layoffs may be necessary.

The overall employment impact will depend on how effectively we bring down costs as a whole.

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