Boeing to cut 5% of commercial plane workforce

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Boeing to cut 5% of commercial plane workforce
Boeing will reduce its commercial plane workforce by 5% through layoffs and attrition as it slows the pace of increasing jet production. The company aims to give factories and supply chain partners more time to achieve stability.
Why it matters: The job cuts reflect challenges in scaling up production of the 737 Max planes, which are made outside of Seattle.
Sources: The Guardian Business · CNBC

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