Boeing (BA) will start issuing layoff notices to engineers beginning tomorrow, as the company...

|About: The Boeing Company (BA)|By:, SA News Editor

Boeing (BA) will start issuing layoff notices to engineers beginning tomorrow, as the company shifts away from development work on the 747-8 and 787-9. Notices will be sent out to 700 employees, with up to 1000 more cuts planned by the end of the year. The cuts still could be reduced however, if the company is able to reduce contract labor levels. Meanwhile, work on the 777-x and 787-10 has not yet been approved.