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Market news: Boeing will reduce the number of employees in the commercial aircraft division by 5% through natural attrition and voluntary layoffs, and will begin notifying employees next month. The move was made after delays in speeding up production, and the company wanted to give the factory and suppliers more time to stabilize production. The layoffs highlight Boeing's challenge to reverse the situation. The 737 MAX production increase was delayed until 2027, and the year-end delivery targets for the 737 and 787 Dreamliner are not expected to be achieved. Boeing shares have dropped 21% this year.
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Market news: Boeing will reduce the number of employees in the commercial aircraft division by 5% through natural attrition and voluntary layoffs, and will begin notifying employees next month. The move was made after delays in speeding up production, and the company wanted to give the factory and suppliers more time to stabilize production. The layoffs highlight Boeing's challenge to reverse the situation. The 737 MAX production increase was delayed until 2027, and the year-end delivery targets for the 737 and 787 Dreamliner are not expected to be achieved. Boeing shares have dropped 21% this year.
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