Hammered by slowing aircraft sales and a declining order book, Boeing warned on Tuesday in an internal memo that it would conduct involuntary and voluntary layoffs of engineers in Washington state, southern California, and South Carolina, according to The Seattle Times.
The memo did not mention the size of the staff cuts.The memo by John Hamilton, VP of engineering at Boeing Commercial Airplanes, summed the situation up this way:
“We continue to operate in an environment characterized by fewer sales opportunities and tough competition.”
Source: Boeing: Three More Waves of Layoffs in 2017, as Orders Collapse to 7-Year Low. Shares Near All-Time High | Wolf Street
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