Boeing has announced that Boeing would cut 10000 jobs across its business. In an earlier announcement (NYtimes), Boeing had indicated that it would cut 4,500 jobs from only its commercial airplane unit. However the number of job layoffs has been revised to 10,000 after further indications of slowing demand - including in a possible cut in US defence budget. According to the report, the job cuts will occur mainly in areas that support productivity, and infrastructure, driven through a combination of attrition, retirements, cuts in some contracted labor, and layoffs. The planned job layoff by Boeing is about 6% of its total workforce.
10,000 is a massive number! Boeing is one of the market leaders in manufacturer of aircraft and Job Cuts by Boeing also reflect the plight of the airline industry as a whole.
source: Marketwatch, BBC.