WASHINGTON (BLOOMBERG) - Boeing is preparing to offer buyouts to employees for a second time this year as the virus-stricken planemaker extends its workforce cuts beyond the original 10 per cent target unveiled in April.. Read more at straitstimes.com.
WASHINGTON - Boeing is preparing to offer buyouts to employees for a second time this year as the virus-stricken planemaker extends its workforce cuts beyond the original 10 per cent target unveiled in April.
"I truly wish the current market demand could support the size of our workforce," Mr Calhoun said."Unfortunately, layoffs are a hard but necessary step to align to our new reality, preserve liquidity and position ourselves for the eventual return to growth." The shares rose less than 1 per cent to US$172.43 after the close of regular trading in New York. Boeing has tumbled 47 per cent this year, the largest drop on the Dow Jones Industrial Average.
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