Boeing to Furlough Thousands More

Oct 29 in AEI News

Layoffs Continue in Boeing

Boeing, which is already shedding 16,000 jobs, said Wednesday it will cut thousands more through the end of next year as it prepares for a long slump in air travel and aircraft demand because of the coronavirus pandemic.

Boeing’s CEO David Calhoun told employees the company aims to have a staff of 130,000 by the end of 2021. Earlier this year, Boeing targeted a 10 percent cut to its staff, which stood at 160,000 people at the start of the year.

Source: Aviation News