On the 10th of January, Boeing sent out a memo to its employees about cutting engineer positions. This move comes as a response to increased worldwide competition coupled with sluggish aircraft sales.

The American plane manufacturer did not disclose the exact number of planned layoffs. In 2016, Boeing reduced almost 11,000 jobs, with around two-thirds of those in Washington, US.

"While we have made good progress, more changes are needed to ensure our long-term future," was written in the memo signed by John Hamilton, VP of Engineering at Boeing Commercial Airplanes.

"We continue to operate in an environment characterized by fewer sales opportunities and tough competition."

The planned job cuts will be performed in several stages. Invitations for voluntary layoffs will be sent out on the 13th of January, taking effect on the 21st of April. Those getting laid off involuntarily will be notified on the 20th of January, with the reductions planned for the 24th of March.