Boeing cuts 4,000 jobs as Airbus raises stakes

Boeing plans to cut about 4,000 jobs from its commercial airplanes division by mid-year as part of a broader effort to reduce costs amid fierce competition from Airbus Group.

The US plane maker doesn’t plan any involuntary layoffs, for now.

Rather, the savings will come from 1,600 workers who elected to leave the company under a voluntary programme announced last month, Marc Birtel, a Boeing spokesman, said.