Despite record order completions final year,US aerospace giant is attempting to lop costs against resurgent European rival Boeing is cutting about 4000 jobs and could double that number this year to slash costs as the world’s biggest aeroplane maker faces intense competition from Europe’s Airbus.[br]The Chicago-based company said it would reduce the headcount in its commercial airlines division by 4000, with around one-third through voluntary layoffs and the rest by leaving positions unfilled, and a spokesman said.
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Source: theguardian.com