Boeing cuts staff: 80 furloughs, 2,000 finance and human resources positions targeted

Photo Courtesy of: Jetstar Airways CC BY-SA 2.0 DEED (Content modified to fit)

Boeing cuts staff: 80 furloughs, 2,000 finance and human resources positions targeted

The past few months have brought a familiar cold in the air for many Americans: layoff season. Companies across industries, from large tech to small businesses, are tightening their belts and restructuring their workforce. This week, airline giant Boeing announced two layoffs.

First, 80 union employees will retire in December at their Ridley Park, PA facility. This follows a similar layoff in July 2023. The company cites changes in V-22 Osprey production to meet growing demand as the reason.

Second, Boeing confirmed plans to cut about 2,000 jobs in finance and human resources. The measure, which will be implemented by 2023, aims to streamline operations and reduce bureaucracy. The company expects to achieve this through a combination of downsizing and layoffs, although exact numbers remain unclear.

While Boeing expects to "make substantial increases in its overall workforce this year, these targeted reductions paint a compelling picture. On the one hand, it is encouraging to see continued hiring in." elsewhere.On the other hand, it is impossible to ignore the impact of this job loss on the hundreds of individuals and families affected.

The statement from Boeing is the latest in a string of such allegations. It begs the question: are we looking at broad economic trends, or are these isolated events specific to individual companies and industries?

0 0