A Brief Colonial History Of Ceylon(SriLanka)
Sri Lanka: One Island Two Nations
A Brief Colonial History Of Ceylon(SriLanka)
Sri Lanka: One Island Two Nations
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Thiranjala Weerasinghe sj.- One Island Two Nations
?????????????????????????????????????????????????Thursday, March 31, 2016
Boeing says it will cut more than 4,500 jobs
REUTERS/JIM YOUNG/FILES
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.
(Reporting by Bhanu Pratap; Editing by Savio D'Souza)