cost-cutting

Boeing
12:57 pm
Wed July 24, 2013

Boeing Raises Profit Outlook, Says It Will Keep Cutting Costs

Boeing's 787 production line in Everett
Ashley Gross KPLU

Boeing raised its earnings and revenue forecasts for this year, reflecting strong demand in both the commercial airplane and defense businesses. But company executives say they plan to continue cutting costs. 

Boeing has announced a series of layoffs in Washington state this year, and its local headcount has shrunk by more than a thousand since the end of January. CEO Jim McNerney says the company is operating in a “more-for-less world,” and that’s what’s driving the focus on reducing costs.

Read more