Bye Bye More Puget Sound Area Boeing Jobs January 11, 2017
A Boeing Dreamliner
(SEATTLE, WA.) -- The ups and downs of the aerospace industry. If you're an employee, it's either boom or bust.
The latest for area Boeing employees is that the company is planning some buyouts and layoffs for engineers soon in what are called the first of three employee cutbacks for the new year.
Boeing announced internally on Tuesday "a new round of employee buyouts for engineers company wide, and warned that layoff notices will follow later this month for engineers in Washington state," according to the Seattle Times which added there is no known "target" for the number of projected job cuts.
Details of the buyout go out Friday to engineering employees in eligible skill classifications. The last workday for those who accept the buyout will be April 21st.
A similar buyout offer is coming on Wednesday for certain classifications of blue-collar production workers, according to the report.
The reason for all this? A tough business environment with fewer sales opportunities and tough competition, according to the company.