Boeing to Offer Voluntary Layoffs to Contain Coronavirus Damage

Boeing Co (BA) on Thursday announced the rollout of a voluntary layoff plan for employees as the embattled global aerospace industry is facing a long lasting impact from the coronavirus pandemic.Under the terms of the plan, eligible employees who want to leave the company will be offered pay and benefits packages, Boeing chief executive officer Dave Calhoun said in a memo to more than of its 153,000 employees. Details of the plan are expected to be disclosed over the coming three to four weeks. The move aims to stave off additional workforce actions, Calhoun explained.“We’re in uncharted waters. We’re taking …read more

Source:: Yahoo Finance


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