The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30 - Manufacture of other transport equipment
10,000 jobs Number of planned job losses
Announcement Date
12 January 2009
Employment effect (start)
Foreseen end date
31 December 2009
Description
On 29 January 2009, Boeing, the world´s leading aerospace company, announced that its previously announced job cuts will be more drastic affecting 10,000 workers (instead of 4,500) throughout 2009. The restructuring is a part of an effort to ensure competitiveness and control costs in the face of a weakening global economy. Even as the company makes plans to downsize, it is expecting to keep engineers and assembly-line staff on the job. The cuts in the commercial plane unit are expected to fall largely on support and administrative staff. Boeing currently employs more than 160,000 people worldwide.
Sources
12 January 2009: Hospodárske noviny
29 January 2009: Hospodárske noviny
Citation
Eurofound (2009), Boeing, Internal restructuring in World, factsheet number 67787, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67787.
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