Boeing plans 5% commercial airplane workforce cuts

Boeing plans to cut about 5% of its commercial airplane workforce as it slows production ramp-ups to give its factories and suppliers more time to stabilize output. The reduction will involve attrition and layoffs, with affected employees expected to be notified in December; the company has not disclosed the number of jobs or locations involved. Boeing has pushed back a planned increase in 737 Max production, which is now not expected until 2027. Reports of the cuts prompted volatility in Boeing shares.