Boeing Commercial Airplanes plans to cut 5% of its workforce as it struggles to increase jetliner production. The division cited the need to 'reset the pace of our production rate ramps' due to factory and supply chain instability .
Key impacts:
- Workforce Reduction: 5% cut through attrition and layoffs, notices starting December .
- Production Delays: 737 production target of 47 jets/month now expected early 2027, delayed from summer 2026 .
- Financial Outlook: Free cash flow target of $10 billion pushed to 2029, a year later than analysts expected .
This signals ongoing operational challenges for the aerospace giant.
Boeing to cut 5% of commercial jet workforce amid production struggles
INVESTING.COMNov 9, 7:24 PM UTC
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