CHICAGO: Boeing Co plans to cut about 4,000 jobs from its commercial airplane division by mid-year, as part of a broader effort to reduce costs amid fierce competition from Airbus Group SE.
The US planemaker does not plan any involuntary layoffs for now; rather, the savings would come from 1,600 workers who elected to leave the company under a voluntary program announced last month, Marc Birtel, a Boeing spokesman, said by e-mail. Another 2,400 positions are either vacant or are to be shed through attrition.
