Boeing Weighs Wide-Body Jet Cuts, Plans Buyouts on ‘New Reality’

(Bloomberg) — Boeing Co. is offering employee buyouts and weighing additional savings measures such as new output cuts, as the coronavirus pandemic threatens to depress aircraft sales for years.While the company has yet to alter production plans, it’s taking a closer look at manufacturing rates for wide-body jets amid plunging demand, said a person familiar with the matter. Boeing was already planning to make fewer 787 Dreamliners this year, and is still assessing the rapidly changing market and public health issues as the outbreak guts travel demand and batters airlines.“When the world emerges from the pandemic, the size of the …read more

Source:: Yahoo Finance


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