Boeing cuts more than 4,500 jobs

Reductions include hundreds of managerial posts
Around 4,000 jobs will be lost at Boeing’s commercial aircraft division by mid-2016 and another 550 in a division that makes flight and lab tests.
The plane manufacturer will cut 1,600 jobs through voluntary layoffs, the rest by leaving open positions unfilled. The reductions include hundreds of executive and managerial positions.
“While there is no employment reduction target, the more we can control costs as a whole the less impact there will be to employment,” spokesman Doug Alder said.
The company had a total of 161,400 employees as at the end of 2015.
Reuters