FILE PHOTO: Signage of The Boeing Company in Seattle, Washington, U.S. June 29, 2020. REUTERS/Karen Ducey
It will be offered to employees in the commercial airplanes and services businesses as well as corporate functions, Chief Executive Officer Dave Calhoun wrote in a note to employees, a copy of which was seen by Reuters. The company doesn’t have a set target at this time and was encouraging all eligible employees interested in the voluntary layoff package to apply, Boeing said in a statement.
Boing!!!!
bad timing. hard times ahead for the laid-off employees.
Some how the market will think this is bullish
More families about to enter the no longer augmented, not enough to pay the bills, unemployment insurance benefits line.
CEO and upper management should quit and take a pay cut..
With Boeing representing approx. 1% of U.S. GDP, this will have a ripple effect.
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