Boeing to cut thousands of additional jobs as it prepares for long air travel slump in pandemic
Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, July 1, 2019.
Lindsey Wasson | Reuters
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 Dave 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% cut to its staff, which stood at 160,000 people at the start of the year.
About 19,000 employees are leaving Boeing this year, but the company is adding some jobs in its more stable defense unit.
“As we align to market realities, our business units and functions are carefully making staffing decisions …continued .
[Source: CNBC News]