Boeing Says Efficiencies On The Factory Floors Will Allow Hiring To Slow

Boeing says it plans to increase airliner production as airlines place major orders to replace older jets, but that efficiencies on its factory floors will allow it to slow the pace of hiring replacement workers.

In an interview with Dow Jones Newswires, Boeing VP for Marketing Randy Tinseth said that airline passenger growth is expected to continue to grow by about 5 percent this year, after a 6% jump last year, even with the global economic recovery continuing as a sluggish pace. Tinseth described the backlog of orders for new airliners as a "challenge"

But the Puget Sound Business Journal reports that Boeing's workforce will peak at about 83,000 this year, and then the pace of hiring will slow. The company will continue to replace retiring workers, but at a reduced pace from previous years.  READ MORE: AINOnline