Boeing to lay off 6,770 workers due to pandemic details, background - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic

The company described the layoffs as "the first," with more expected later in the year.

Boeing has said it will need to reduce its payroll by 10%, including at least 15% in its commercial division.Visit Business Insider's homepage for more storiesBoeing said on Wednesday that it will lay off 6,770 US employees, "the first" wave of an expected round of job cuts as the coronavirus pandemic wreaks havoc on the aerospace sector.

In a statement, CEO David Calhoun said that affected employees will receive severance pay, COBRA health care coverage, and career transition services.Boeing previously said it expects to reduce its payroll by about 10% globally, including by 15% in its commercial airplane division. Boeing had about 143,000 workers globally at the beginning of the year. The company has seen business in its commercial airplane sector dry up as the coronavirus pandemic leads to a drop in air travel demand. Airline and airplane lessor customers have grounded significant portions of their fleets, and many are expected to defer or cancel orders for new airplanes.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

QUARTA, DE NOVO!? COM CERTEZA, COM MESA MUITO FARTA DE 'ARROZ, FEIJÃO E OVO'! AH, QUE PLENA SATISFAÇÃO!

Is this the beginning of the new face of Travel?

who cares as long as the investor stocks goes up... SARCASM guys!!

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber lays off 600 people in India as the coronavirus pandemic hurts businessUber said on Tuesday that it is cutting 600 jobs in India, roughly 25% of its workforce in the country. Good luck to those in India and I hope you find a new job fast. Changing their name to Under. Thanks Check out my Gig on Fiverr: I will built responsive web design and build a complete website
Source: CNN - 🏆 4. / 95 Read more »

Cabinet founders share tips for starting a business in a pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Hair salon bans Tyson workers, due to coronavirus fears - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It was only a matter of time before this happened. “They're getting our food, but they won't service us,' McGinty said.” They had like dozens of cases specific to Tyson already, shes self quarantining them to that 14 day wait.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Eventbrite CEO on how the coronavirus pandemic is changing live events - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »