Boeing (BA) Plans to Cut ~4,500 Jobs

Boeing (NYSE: BA) is planning to cut around 4,500 jobs by June as the aircraft manufacturer looks to continue keeping costs in check with demand for less-expensive jets creeping higher.

The WSJ said late Tuesday that Boeing's commercial unit will trim around 2,400 positions, while a 10 percent cut is expected at the company's flight testing unit.

Boeing's total workforce stood at 161,000 employees through the end of last year.

Shares of Boeing are flat in early trading.

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