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BOEING TO TRIM 757 AND 767 PRODUCTION RATES

 SEATTLE, Nov. 24 ~PRNewswire~ -- Responding to changing market conditions, the Boeing Commercial Airplane Group (BCAG) announced today it will trim production rates next year on its 757 and 767 jetliners.
 The 757 production rate will decrease from the current 8.5 airplanes a month to seven a month in June 1993, and then to five a month in November 1993. The reduction to seven a month had originally been planned to take effect in September. The 767 production rate, currently at five a month, will be trimmed to four a month, beginning in November 1993.
 "Our customers' delivery needs are changing as a result of the difficult time many of them are currently having. We are adjusting our rates to meet their needs," said Dean Thornton, president of the Boeing Commercial Airplane Group.
 "We remain optimistic about the long-term. This decision takes into account the cumulative recent requests of a number of our customers for changes in their delivery streams," Thornton added.
 Early indications are that the 757 and 767 rate reductions could result in about 2,000 fewer jobs in Puget Sound and approximately 500 fewer jobs at the BCAG division in Wichita, Kansas. Definitive employment figures are difficult to determine.
 Boeing reviews its production rates regularly to be certain its deliveries meet its customers' needs and schedules. Boeing's next annual employment forecast will be announced early in 1993.
 As of Oct. 31, 1992, the Boeing Commercial Airplane Group's unfilled announced orders stood at 1,449 aircraft.
 -0- 11~24~92
 ~CONTACT: Steve Smith, 206-237-0600, or Susan Davis, 206-342-8600, or Jack Gamble, 206-237-1715, all of Boeing Commercial Airplane Group~
 (BA)


CO: Boeing Commercial Airplane Group ST: Washington IN: AIR SU:

LM -- SE004 -- 0998 11~24~92 11:04 EST
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Publication:PR Newswire
Date:Nov 24, 1992
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