Boeing Co. (NYSE: BA) announced that it is cutting nearly 200 jobs at a plant in North Charleston, South Carolina.
According to CNN, Boeing attributed the layoffs to a company-wide plan to scale back jobs due to competition with rival Airbus and a decline in new orders. It also revealed that it would decrease the production of the Boeing 777 by 40 percent by this year.
“Our competition is relentless, and that has made clear our need as a company to reduce cost to be more competitive,” the corporation said in a statement. “We are offering resources to those affected by layoffs to help them in finding other employment and ease their transition as much as possible.”
In February, Trump held a rally at the North Charleston to praise the launch of Boeing’s 787 Dreamliner. He said, “We're here to day to celebrate American engineering and American manufacturing. We're also here today to celebrate jobs. Jobs!”
Five months later, employees at the factory -- who work in operations management, engineering, quality control and training, among other roles -- have yet to be notified exactly how many could lose their jobs.
Boeing employs an estimated 140,000 workers throughout the United States. On its website, it promotes, “Boeing’s market success plays a key role in supporting high-value aerospace jobs across its supply chain and across the United States. In 2015 alone, Boeing paid nearly $50 billion to more than 13,600 businesses, supporting an additional 1.5 million supplier-related jobs.”
Meanwhile, the company has offered nearly 1,800 buyouts to employees in Washington State, and 500 employees in Seattle received involuntary layoff notices this year.