Boeing Co. plans to cut about 4,000 jobs from its commercial airplanes division by mid-year as part of a broader effort to reduce costs amid fierce competition from Airbus Group SE.
The U.S. planemaker doesn’t plan any involuntary layoffs, for now. Rather, the savings will come from 1,600 workers who elected to leave the company under a voluntary program announced last month, Marc Birtel, a Boeing spokesman, said by e-mail. Another 2,400 positions are either vacant or will be s...
00:02 AT&T Aims for an Empire in Merger Talks With Time Warner2
21:31 Time Warner jumps after hours on report it could sell for $110 per share to AT&T
12:47 U.S. housing starts tumble on weak multi-family construction activity
10:31 Gloom Falls Over Samsung as Phone Group Frets Lost Bonuses, Jobs