Boeing plans more job cuts, prepares new voluntary buyouts - Bloomberg

Aug. 17, 2020 10:57 PM ETThe Boeing Company (BA)BABy: Carl Surran, SA News Editor60 Comments
  • Boeing (NYSE:BA) is preparing to offer further voluntary buyouts to its employees for a second time this year as the company extends its workforce cuts beyond the original 10% target unveiled in April, Bloomberg reports, citing an internal message from CEO Dave Calhoun.
  • The "voluntary layoffs" will be offered to workers in Boeing's commercial airplanes unit, services division and corporate operation, Calhoun says in the message.
  • More details will be made available to workers beginning Aug. 24, according to the report.
  • Boeing began laying off 6,700 employees in late May, part of the 10% workforce reduction that had been announced in April.

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