Boeing Jumps After Job, Output Cuts Reveal Plan for Virus Era
- Company to lower employment 10% with 15% drop in jetliner unit
- Production of Dreamliner, 777 to fall; Max to come back slowly
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Boeing Co. soared after executives outlined a road map to survive the worst downturn in aviation history, and assured investors that the company has the means to make it through. If all goes to plan, the aerospace titan will be generating cash again by next year.