Boeing Announces End of 747 Production and Other Adjustments
In an update given to employees on July 29, Boeing President Dave Calhoun noted that “These past few months have been unlike anything we’ve seen. The pandemic’s effect on our communities and Industry is ongoing. And the challenges we face as a company are still unfolding.”
He went on to announce that Boeing will end production of its iconic 747 jet in 2022 and that the company also intends to reduce the combined 777/777X production rate to two per month along with dropping 787 production to six per month for 2021.
In addition, the company is considering staffing reductions beyond the 10 percent workforce cuts announced in April.
“The diversity of our balanced portfolio and our government services, defense and space programs provide some critical stability for us in the near-term as we take tough but necessary steps to adapt for new market realities,” said Calhoun. “We are taking the right action to ensure we’re well positioned for the future by strengthening our culture, improving transparency, rebuilding trust and transforming our business to become a better, more sustainable Boeing.”