Cuts in Boeing Co.’s commercial airplane division could reach 8,000 jobs in 2016, moves that would save the company about $1 billion as it competes for sales with European rival Airbus, according to an internal company document.
The Chicago-based aviation giant, which employs 15,000 at Hazelwood’s Defense, Space & Security division, confirmed plans Wednesday to cut about 4,550 jobs across two business units by mid-year, including the commercial airplanes division.
A projected 1,600 of the 4,000 cuts in the commercial airplanes division will come through voluntary layoffs, according to Boeing spokesman Doug Alder. The other 2,400 will leave open positions unfilled.
Boeing spokesman Doug Alder said the 8,000 figure, obtained from an internal document calling for a 10 percent reduction of the 80,000-employee division, was hypothetical.
“There is no employment reduction target,” Alder said. “The more we can control costs as a whole, the less impact there will be to employment.”
Read more: St. Louis Post-Dispatch