Boeing may slash staff by 10% amid coronavirus crisis & 737 MAX fiasco
The plane maker could offer its workers early retirement as well as voluntary layoffs, the outlet said, citing sources, adding that the plan could also include buyouts. The company has not made the final decision yet.Also on rt.com Boeing shuts down Washington state factories due to coronavirus threat
Boeing’s commercial unit could be affected most by the potential job cuts as it has been under tremendous pressure due to the pandemic, which has seen carriers significantly scaling back operations. The report added that the fate of the employees at Boeing’s defense and services arms is unclear so far.
After halting most hiring among other measures introduced in March to save money, Boeing revealed plans to offer buyouts and early retirement packages to employees. The plan was announced last week, but it did not elaborate on the number of people it will affect. In a memo to employees, Boeing CEO Dave Calhoun said that the company should “start adjusting to our new reality” as it will take time for the airline industry to recover from the coronavirus crisis.Also on rt.com How about help PEOPLE first? Boeing shredded for seeking ‘tens of billions’ in ANOTHER bailout amid coronavirus pandemic
The Covid-19 outbreak has only added trouble for cash-strapped Boeing, which was already reeling from the global grounding of its best-selling 737 MAX jets after two fatal crashes. The tragedies, which occurred in the span of five months last year, killed 346 people. Boeing halted 737 production in January.
The 737 Max fiasco pummeled the aviation giant’s finances, resulting in its first full-year loss in more than two decades.
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