SEATTLE -- Boeing officials said Monday the company will need to continue reducing the size of its workforce next year to remain competitive in the industry.
In a message sent to Boeing Commercial Airplanes employees, leaders said by the end of this year commercial airline staff will have been cut by 8-percent, including a 10-percent reduction of executives and managers.
"The recent 777 rate-reduction announcement is the latest sign that the market is signaling near-term hesitation for twin-aisle aircraft in certain regions. But it also illustrates the dynamic business climate in which we currently operate; an environment characterized by fewer sales opportunities and tough competition."
Officials said the company is planning a voluntary layoff program but would not rule out involuntary layoffs as a possibility.
"The leaders of your respective organizations will share more information on staffing plans and the specific skills offering VLOs or other employment actions soon. We believe it is important to let you know the situation up front so you are aware as you make plans and decisions for the coming year."
Here is the full message sent to Boeing Commercial Airplanes employees by Boeing Vice Chairman Ray Conner and Boeing Commercial Airplanes President & CEO Kevin McAllister.