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



Subscribe!

Every day we send our readers the latest news with Christian commentary right to their inbox. Bi-weekly we include Bible Q&A and Bible studies as they become available. We invite you to join us.




Study With Us!

Visit the Bible Study, Bible Question and Answer and Video section of our site.


Leave A Comment

You are invited to participate in our Christian Community by leaving a comment. We would love to read your point of view and inspiring messages. Please read our Community Guidelines before commenting and note all comments are moderated (Ephesians 4:29).