Boeing October jet deliveries fall 14%; 2,500 airliner jobs cut

· Politics · United States

Boeing delivered 49 jets in October, down from 57 the previous month and 53 a year earlier, a 14% decline, the company said Tuesday. Separately, Stephanie Pope, head of Boeing's commercial airplanes division, told staff in a memo that 2,500 jobs were being cut because the unit was "overstaffed" after production increases stalled. The delivery figure is closely watched as a gauge of the manufacturer's recovery and cash flow. Boeing has been working to stabilise output after years of safety and production crises.

Why it matters:Boeing's output and costs are central to global aircraft supply, airline fleet plans and its own recovery.

Key points

  • October deliveries fell to 49 from 57 in September.
  • 2,500 jobs are being cut in the commercial unit.
  • Boeing said the division was overstaffed after production stalled.

Sources (original reporting)

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