According to CNBC, Boeing said Monday that it plans to cut 5% of its commercial airplane workforce as its production ramp-up is moving at a slower pace than the company expected.
CNBC also wrote: “Boeing has been working to stabilize production rates of its bestselling 737 Max planes, which are made outside of Seattle.”
The Guardian reported that company will cut jobs through a mix of layoffs and attrition as it moderates the pace of ramping up jet production.
This brief draws on reporting by CNBC and The Guardian.
