Boeing says it will cut more than 4 500 jobs
Boeing says it will cut more than 4 500 jobs

Boeing says it will cut more than 4 500 jobs

Boeing Co will eliminate about 4,000 jobs in its commercial airplanes division by the middle of this year and another roughly 550 jobs in a division that conducts flight and lab tests, company spokespeople told Reuters. The planemaker will reduce 1,600 positions in the commercial airplanes division through voluntary layoffs, while the rest of the cuts are expected to be completed by leaving open positions unfilled, spokesman Doug Alder said. "While there is no employment reduction target, the more we can control costs as a whole the less impact there will be to employment," Alder said. The job cuts, which will include hundreds at executive and managerial positions, will not done through involuntary layoffs, Alder said. Boeing will also cut about 10 percent of the approximately 5,700 jobs in its test and evaluation division, which conducts flight and lab tests, spokeswoman Sandra Angers told Reuters. The company had a total of 161,400 employees as of Dec. 31. Reuters had reported last month that Boeing was considering offering voluntary layoffs to its professional engineers and technical workers. In February, Ray Conner, chief executive of Boeing's airplane business, warned employees that job cuts were necessary to "win in the market, fund our growth and operate as a healthy business." The Seattle Times had earlier reported that Boeing has taken steps to reduce its workforce. Nampa/Reuters

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European Championships Qualifying: Southampton 3 vs 0 Preston North End English Championship: Southampton 3 vs 0 Preston North End Katima Mulilo: 17° | 34° Rundu: 17° | 34° Eenhana: 18° | 35° Oshakati: 20° | 35° Ruacana: 18° | 35° Tsumeb: 19° | 33° Otjiwarongo: 17° | 31° Omaruru: 19° | 34° Windhoek: 17° | 31° Gobabis: 18° | 31° Henties Bay: 17° | 23° Wind speed: 26km/h, Wind direction: S, Low tide: 07:25, High tide: 13:40, Low Tide: 19:24, High tide: 01:48 Swakopmund: 16° | 19° Wind speed: 30km/h, Wind direction: SW, Low tide: 07:23, High tide: 13:38, Low Tide: 19:22, High tide: 01:46 Walvis Bay: 19° | 26° Wind speed: 36km/h, Wind direction: SW, Low tide: 07:23, High tide: 13:37, Low Tide: 19:22, High tide: 01:45 Rehoboth: 18° | 31° Mariental: 22° | 33° Keetmanshoop: 23° | 35° Aranos: 20° | 32° Lüderitz: 18° | 34° Ariamsvlei: 23° | 37° Oranjemund: 15° | 27° Luanda: 27° | 30° Gaborone: 19° | 32° Lubumbashi: 17° | 26° Mbabane: 15° | 28° Maseru: 11° | 26° Antananarivo: 13° | 25° Lilongwe: 16° | 26° Maputo: 20° | 31° Windhoek: 17° | 31° Cape Town: 16° | 21° Durban: 18° | 28° Johannesburg: 16° | 28° Dar es Salaam: 24° | 29° Lusaka: 18° | 28° Harare: 15° | 28° Currency: GBP to NAD 23.85 | EUR to NAD 20.45 | CNY to NAD 2.65 | USD to NAD 19.22 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.34 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.02 | ZMW to NAD 0.74 | ZWL to NAD 0.04 | BRL to NAD 3.64 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 133.98 | USD to AOA 832.83 | USD to BWP 13.88 | USD to EGP 48.28 | USD to KES 132.98 | USD to NGN 1147.53 | USD to ZAR 19.21 | USD to ZMW 25.65 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 73271.44 Up +0.38% | Namibian Stock Exchange (NSX) Overall Index 1531.99 Up +0.70% | Casablanca Stock Exchange (CSE) MASI 13455.65 Up +0.53% | Egyptian Exchange (EGX) 30 Index 28332.65 Down -4.5% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - 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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 376.80/OZ DOWN -0.0013 | Copper US$ 4.45/lb UP +0.77% | Zinc US$ 2 859.60/T UP 1.34% | Brent Crude Oil US$ 86.46/BBP DOWN -0.008 | Platinum US$ 929.01/OZ DOWN -0.0077