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. Last Updated: 07/27/2016

More Boeing Cuts




SEATTLE -- Boeing Co. said it will cut 6,700 more jobs than expected due to reduced overtime and other manufacturing efficiencies in its commercial airplane division.


The additional cuts mean that total job reductions by the end of the year will be at the high end of a range of 28,000 to 38,000 that the company announced earlier, Boeing said Monday.


"They began to make a turn in the fourth quarter last year and have continued to make improvements in production,'' Boeing spokesman Peter Conte said. "As you get better, and more efficient, you need less people to do the job.''


Boeing's profits and its stock price have been severely depressed during most of the past two years, the result of production line snarls, parts shortages and late aircraft deliveries.