US economy will feel Boeing’s shutdown of MAX production
No jobs at the plane maker are under threat, but 600 firms build components for the 737 jet
17 December 2019 - 16:58
Chicago — Boeing plans to halt production of its grounded 737 MAX in January, a move that will deepen the crisis engulfing the plane maker, complicate its eventual recovery and ripple through the US economy.
The indefinite shutdown will help conserve cash but jolt a supplier base that stretches from Seattle to Kansas, adding a headwind for American industry ahead of the 2020 elections. At Boeing itself, employees will continue 737-related work or be temporarily reassigned to other teams, the company said in a statement on Monday. No layoffs or furloughs are planned for now...
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