Boeing to cut 7,000 more jobs for liquidity and sustainability
The pandemic and prolonged grounding of its 737 MAX jet is squeezing the planemaker’s finances
28 October 2020 - 16:13
Chicago — Boeing is deepening job cuts as the pandemic and prolonged grounding of the 737 MAX jetliner squeeze the planemaker’s finances.
An additional 7,000 jobs are slated for elimination by the end of 2021, bringing the total workforce reduction made through retirements, attrition and layoffs to 30,000 people, Boeing said in an e-mail on Wednesday after reporting earnings. The company had 160,000 employees at the start of 2020 before the coronavirus gutted air travel and jetliner sales...
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