Boeing to cut 12,000 commercial-airline jobs
SEATTLE,-Boeing Co., after two years of struggling to hire and train enough workers to meet surging demand, said it expects to cut 12,000 jobs, or 10 percent of the work force at its commercial airline unit, by next year.
The world's largest aerospace company said jetliner production will peak in mid-1998, and improved technology, such as computer links to suppliers, will allow it to eliminate jobs without reducing the number of aircraft it makes. Most of the job cuts w ill come through attrition, Boeing said.
Boeing this year has hired 17,000 workers to ease assembly-line bottlenecks that forced it to halt production of some jetliners temporarily in October. The production problems are beginning to ebb.
IN BUSINESS FROM STAFF AND WIRE REPORTS-- Roanoke Times 10/17/97
Most cuts will come by attrition
Boeing to eliminate another 8,200 jobs
The latest employment reductions are in addition to 12,000 job cuts announced in December and planned for the second half of this year.By TIMES L. ENGASSOCIATED PRESSSEATTLE—The Boeing Co. said Friday it will eliminate another 8,200 jobs over the next two years as it absorbs McDonnell Douglas and Rockwell's defense and space operations.
Roanoke Times 10/21/98
Companies announcing significant cuts in the workforce since December of 1997:
Nike Corp. 1,600
Chase Manhattan Corp. 4,500
Philip Morris Inc. 1,900
Greenwich Air 1,000
Imation Corp. 1,700
Owens Corning 2,200
Eastman Kodak 16,600