Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

SOUTH AFRICA'S RAMAPHOSA HAILS 'NEW DAWN' IN STATE OF THE NATION ADDRESS

Read more

MEDIAWATCH

A controversial Chinese New Year

Read more

THE WORLD THIS WEEK

New Beginning? Ramaphosa Replaces Zuma in South Africa

Read more

FRANCE IN FOCUS

On the green slopes: An eco-friendly revolution in French ski resorts?

Read more

YOU ARE HERE

The Élysée palace, France's presidential powerhouse

Read more

DOWN TO EARTH

Is the aviation industry free-riding on climate change efforts?

Read more

FOCUS

The revival of the Ethiopia-Djibouti railway line

Read more

REPORTERS

Video: Girls in Malawi victims of 'sexual cleansing' ritual

Read more

REVISITED

Video: How the 2014 Winter Olympics transformed Sochi

Read more

Business

Boeing to cut 10,000 jobs

Latest update : 2009-01-28

US aerospace giant Boeing said it will slash 10,000 jobs in the coming years in light of the weakining global economy. Earlier, the company posted a loss of $56 million in the fourth quarter.

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

Date created : 2009-01-28

COMMENT(S)