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Boeing to cut 5% of commercial airplane workforce
CNBC • • business
Key Points:
- Boeing announced plans to cut 5% of its commercial airplane workforce due to slower-than-expected production ramp-up.
- The workforce reduction will occur through a mix of attrition and layoffs, with notifications starting in December.
- Stephanie Pope, head of the commercial aircraft unit, stated the company is working to stabilize production rates of the 737 Max planes.
- Boeing CEO Kelly Ortberg indicated that a significant increase in 737 Max output is not expected until the second half of 2027, later than initially anticipated.
