Airbus only one reason for Boeing cost-cutting

Boeing has to cut costs. So it’s cutting 10% of its work force.

The reason?

Pricing pressure from Airbus, says Ray Conner, the CEO of Boeing Commercial Airplanes (BCA). The Seattle Times, which reported March 30 that it obtained an internal memo citing the 10% number, quoted Conner extensively from a Feb. 10 internal webcast that Boeing is losing orders to Airbus over price.read full text: https://leehamnews.com/2016/03/31/airbus-one-reason-boeing-cost-cutting/