Boeing Seeks Volunteers For Layoffs In St. Louis

Signage on Boeing headquarters | Courtesy of Boeing
Courtesy of Boeing

Boeing sent emails to about 12,000 non-union employees based in St. Louis informing them that the company is seeking volunteers to be laid off and receive one week’s salary for each year of service. The St. Louis production line for two military jets is scheduled to shut down after 2016 unless Boeing is able to find additional orders for the plane, either from the U.S. or internationally.

The email said the division “must identify $2.1 billion more in savings by 2016 to make the necessary cost reductions required to keep programs sold, win new business, and stay ahead of our competitors.”

Layoffs are targeted toward specialists and middle and senior managers, a Boeing spokesman said. He declined to disclose how many jobs the company wants to eliminate. Boeing employs about 15,000 people in the St. Louis area.

Read more from the St. Louis Business Journal


Tags:, ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students