Boeing to lay off more engineers

Boeing has warned its employees on April 17, 2017 about another round of involuntary layoffs affecting hundreds of engineers at the commercial aircraft unit, Reuters reported.

Increasing competition and slowing aircraft sales are quoted to have triggered the decision. According to a memo from John Hamilton, VP of Engineering at Boeing Commercial Aircraft, the layoffs are due to start on June 23, 2017.

The aircraft manufacturer also stated that the extra job cuts will include senior management positions under the combination of attrition, voluntary layoffs and involuntary layoffs policies.

Previously, in March 2017, Boeing has accepted a total of 1880 voluntary layoffs from machinists and engineers working at different facilities around Seattle.

On the January 10, Boeing sent out a memo to its employees about cutting engineer positions. This move came as a response to increased worldwide competition coupled with sluggish aircraft sales.

Last year, the company’s total revenue dropped by 1.6% to $94.6 billion as the sales of 747s declined. The financial performance also affected the cut of 777 production rate to five aircraft per month instead of seven.