Thursday, March 2, 2017

One mass layoff, other than retail

Boeing Co. is shrinking its Seattle-area workforce by at least 1,800 jobs this year as the company streamlines operations in a brutally competitive commercial-aircraft market.The planemaker approved voluntary layoffs for 1,500 mechanics, according to a person familiar with the situation who asked not to be named because it hasn’t been made public. Another 305 engineers and technical workers are leaving voluntarily, Bill Dugovich, a spokesman for their union, said Thursday. Boeing told employees in December that it would seek buyouts as part of an effort to cut costs and match employment to market requirements, company spokesman Paul Bergman said by email. Boeing also plans to cull commercial-airplane jobs by leaving open positions unfilled and through involuntary layoffs, he said. He declined to say how many buyouts have been approved.
We had some mass layoffs in auto, not bad considering the record run.  And we see public sector hiring down in California.  Stress, but not breaking.

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