Printer Friendly

BOEING FORECASTS EMPLOYMENT REDUCTIONS

 SEATTLE, Feb. 18 /PRNewswire/ -- The Boeing Co. (NYSE: BA) announced that its companywide employment will decline by approximately 23,000 during 1993.
 The company estimates that the reduction will include approximately 15,000 jobs in Washington state, with an additional 6,000 in Wichita, Kan. The other 2,000 jobs will be at a number of Boeing locations nationwide.
 The downward trend in employment is expected to continue during the first half of 1994, with an estimated 5,000 additional jobs to be eliminated during the first six months of next year. Of those, approximately 4,000 will be in Washington state and 1,000 in Wichita.
 Boeing Chairman and Chief Executive Officer Frank Shrontz said, "These reductions reflect the realities of the current market in the aerospace industry.
 "We recognize the impact on our employees, their families and the communities we live and work in, and will try to minimize the effects," Shrontz said.
 Factors influencing the reduction in jobs include the lowering of the production rates on four of the company's current commercial jet airplane programs (737, 747, 757 and 767) between September of this year and mid-1994 and a continued downsizing of the Boeing Defense & Space Group.
 Shrontz said that the reduction will be accompanied by a combination of attrition and layoffs. A team made up of company executives will be responsible for examining and evaluating innovative approaches to minimizing layoffs.
 A companywide hiring freeze, which went into effect in October of 1991, continues indefinitely.
 Total Boeing employment, including subsidiaries, began the year at 143,200. Of that, 98,300 jobs were in Washington state; with 20,000 at the company's Wichita facilities.
 -0- 2/18/93
 /CONTACT: Paul Binder or Russ Young of The Boeing Co., 206-655-6123/
 (BA)


CO: The Boeing Co. ST: Washington, Kansas IN: AIR ARO SU:

LM -- SE003 -- 7939 02/18/93 13:32 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 18, 1993
Words:312
Previous Article:SCIENTISTS REPORT USE OF ADVANCED TISSUE SCIENCES' TECHNOLOGY FOR CARTILAGE AND BONE GROWTH
Next Article:KODAK TO BUILD $26 MILLION WORLDWIDETONER MANUFACTURING FACILITY IN ENGLAND
Topics:


Related Articles
BOEING TO TRIM 757 AND 767 PRODUCTION RATES
AVIATION INDUSTRY PROBLEMS TEMPORARY, BOEING SAYS
BOEING UPDATES 1993 EMPLOYMENT REDUCTIONS
BOEING ANNOUNCES 1994 EMPLOYMENT FORECAST
BOEING TO ADJUST PRODUCTION RATES
BOEING ANNOUNCES 1995 EMPLOYMENT FORECAST AND PRODUCTION RATE ADJUSTMENTS
BOEING REVISES 1995 EMPLOYMENT FORECAST

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters