Boeing to extend voluntary redundancy package

©Boeing

Having previously announced a target of a 10% in its 160,000-strong workforce, Boeing has announced that it is looking to extend its voluntary redundancy package, though unusually it has not put a ceiling on the number of additional employees it is looking to shed.

This second round of cuts is not restricted solely to the commercial airplanes and services sector, but will include corporate functions according to current CEO, Dave Calhoun. “Unfortunately, layoffs are a hard but necessary step to align to our new reality, preserve liquidity and position ourselves for the eventual return to growth,” Calhoun said in the note according to Reuters news agency , adding that: “We anticipate seeing a significantly smaller marketplace over the next three years.”

According to a note provided by Calhoun, further details of the voluntary redundancy scheme, which will involve a pay and benefits package, will be available to employees from August 24.

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