SYDNEY--The Boeing Company (BA) plans to lay off up to 300 workers in Australia, the company said Thursday.

In a statement, the aircraft manufacturer said it would lay off primarily fixed-term contractors by the end of the year in line with a long-established financial forecast.

"This was always our intention when the company's aircraft programs stabilised at full production rates," Boeing said.

Write to David Rogers at david.rogers@wsj.com

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