Boeing internal memo warns of involuntary layoffs of engineers in 2017

Features Reuters

The Boeing logo is seen at their headquarters in Chicago, in this April 24, 2013 file photo. REUTERS/Jim Young/Files (Copyright Reuters 2017)

Boeing Co warned on Tuesday that it will conduct involuntary layoffs of engineers, part of an ongoing cost-cutting drive as the aerospace and defense company responds to increasing competition amid slowing aircraft sales.

Continue Reading Below

The reductions, disclosed in an internal memo seen by Reuters, also include voluntary layoffs. It did not indicate the number of reductions the company planned.

(Reporting by Alwyn Scott; Editing by Sandra Maler)