Boeing to cut over 4,500 jobs by mid-2016
Airplane maker Boeing is planning to cut at least 4,500 jobs by mid-2016 to reduce its costs. The company said it is planning to eliminate jobs in its commercial airplanes division and testing division through voluntary layoffs and attrition. Boeing, which had a total of 1,61,400 employees as of December 31, 2015, delivered a record 762 planes last year.