Boeing has announced it will shed up to 300 jobs at its Port Melbourne site by the end of the year.
AAP reports that the jobs were mainly contractor positions, and the company claims that the cuts had been expected for a long time.
"In line with a long established financial forecast, we will be releasing up to 300 people, primarily fixed-term contractors, by the end of the year," the company’s statement, made last night, read.
"This was always our intention when the company's aircraft programs stabilised at full production rates," the ABC quotes Boeing spokesman Chaz Bickers as saying.
"Reducing employment on these programs is a natural part of the manufacturing cycle.”
The AMWU did not appear to read much into the announcement, agreeing that it was part of the cyclical nature of company’s operations.
“It doesn't appear to be any sort of decline, it doesn't appear to have an effect on the operations at the Port Melbourne site," said the union’s Craig Kelly.
The news followed Philip Morris's announcement that it would end manufacturing at its Moorabbin factory by year's end.