Airlines In Crisis: Boeing Cuts 12000 Jobs In U.S. With Thousands More Coming – Research Snipers

Airlines In Crisis: Boeing Cuts 12000 Jobs In U.S. With Thousands More Coming

Boeing

Boeing Co (BAN) said on Wednesday that it is cutting more than 12,000 jobs in the United States, including the layoff of 6,770 American workers as the largest American planner restructures in the wake of the pandemic coronavirus, Reuters reported.

Boeing also said it expected “several thousand layoffs remaining” in the coming months, but did not say where it would take place.

The company announced in April that it would cut 10% of its 160,000 employees worldwide by the end of 2020. Boeing said Wednesday that it had approved 5,520 US employees to take on voluntary layoffs and that they will leave Boeing in the coming weeks. Boeing also said it was warning 6,770 workers this week about involuntary layoffs.

Boeing is preparing to cut costs in the face of declining demand for aircraft due to the coronavirus pandemic.

Boeing CEO Dave Calhoun told employees in an email that “the devastating impact of the pandemic on the airline industry means a dramatic reduction in the number of commercial aircraft and services including our customers will need over the next few years, which in turn means fewer jobs on our lines and in our offices. … I wish there was another way. “

In April, Boeing recorded no orders for the second time this year and customers canceled 108 additional orders for its 737 MAX aircraft on the ground, further compounding its worst start to the year since 1962.

The pandemic has aggravated a crisis for the company in which the 737 MAX was immobilized last year after the second of two fatal accidents. Last month, Boeing raised $25 billion in a bond issue that allowed the company to avoid taking government assistance.

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