Boeing to slash 10,000 jobs this year

Boeing will reduce its workforce by some 10,000 this year in response to the global economic crisis, chief executive Jim McNerney said.

Boeing will reduce its workforce by some 10,000 this year in response to the global economic crisis, chief executive Jim McNerney said on Wednesday.

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"The global economy continues to weaken, and it's affecting air traffic and financing," McNerney said after the aerospace giant released its quarterly results.

"We must prepare the company, including being more aggressive in terms of productivity."

He said the 10,000 cuts would be made "through attrition, retirement and layoffs," and included a figure announced earlier of 4,500 in the commercial aircraft division.