Thousands More Job Cuts Planned
Boeing to Eliminate Over 12,000 U.S. Jobs
WASHINGTON (Dispatches) -- Boeing Co said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American planemaker restructures in the face of the coronavirus pandemic.
Boeing also disclosed it plans "several thousand remaining layoffs” in the next few months but did not say where those would take place.
The company announced in April it would cut 10% of its worldwide workforce of 160,000 by the end of 2020. Boeing said Wednesday it had approved 5,520 U.S. employees to take voluntary layoffs and they will leave Boeing in the coming weeks. Boeing also disclosed it is notifying 6,770 workers this week of involuntary layoffs.
Boeing is moving to cut costs as it faces a drop in airplane demand from the coronavirus pandemic.
Boeing Chief Executive Dave Calhoun told employees in an email that the "pandemic’s devastating impact on the airline industry means a deep cut in the number of commercial jets and services 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 were some other way.”
In April, Boeing recorded zero orders for the second time this year and customers canceled another 108 orders for its grounded 737 MAX plane, compounding its worst start to a year since 1962.
The pandemic worsened a crisis for the company in which the 737 MAX was grounded last year after the second of two fatal crashes.
Last month, Boeing raised $25 billion in a bond offering that allowed the company avoid taking government aid.
The impact of the Covid-19 pandemic has been greater in the U.S. than on any other country in lives and jobs lost. As the U.S. approaches the grim milestone of 100,000 fatalities from the virus, statistics tell a tragic story of how the virus has disproportionately hit older people, people of color and those with lower incomes.
Almost twice as many men as women are dying of Covid-19, various studies show, including data from New York City’s health department.
Almost three times as many black people are dying of the virus compared to white people and at least 20,000 African Americans have died, according to Amp Research Lab. The virus is twice as deadly for black and Latinos than white people in New York City, preliminary data suggests.
African Americans are 70% of all coronavirus cases in Chicago, which is 30% black, and more than half of the state’s deaths, by early April.
Boeing also disclosed it plans "several thousand remaining layoffs” in the next few months but did not say where those would take place.
The company announced in April it would cut 10% of its worldwide workforce of 160,000 by the end of 2020. Boeing said Wednesday it had approved 5,520 U.S. employees to take voluntary layoffs and they will leave Boeing in the coming weeks. Boeing also disclosed it is notifying 6,770 workers this week of involuntary layoffs.
Boeing is moving to cut costs as it faces a drop in airplane demand from the coronavirus pandemic.
Boeing Chief Executive Dave Calhoun told employees in an email that the "pandemic’s devastating impact on the airline industry means a deep cut in the number of commercial jets and services 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 were some other way.”
In April, Boeing recorded zero orders for the second time this year and customers canceled another 108 orders for its grounded 737 MAX plane, compounding its worst start to a year since 1962.
The pandemic worsened a crisis for the company in which the 737 MAX was grounded last year after the second of two fatal crashes.
Last month, Boeing raised $25 billion in a bond offering that allowed the company avoid taking government aid.
The impact of the Covid-19 pandemic has been greater in the U.S. than on any other country in lives and jobs lost. As the U.S. approaches the grim milestone of 100,000 fatalities from the virus, statistics tell a tragic story of how the virus has disproportionately hit older people, people of color and those with lower incomes.
Almost twice as many men as women are dying of Covid-19, various studies show, including data from New York City’s health department.
Almost three times as many black people are dying of the virus compared to white people and at least 20,000 African Americans have died, according to Amp Research Lab. The virus is twice as deadly for black and Latinos than white people in New York City, preliminary data suggests.
African Americans are 70% of all coronavirus cases in Chicago, which is 30% black, and more than half of the state’s deaths, by early April.