Boeing to Deepen Job Cuts Beyond 10% Plan With New Buyouts
- Employees will receive details next week, CEO says in letter
- Planemaker is paring workforce as jetliner market shrinks
Outside of a Boeing Co. facility in Everett, Washington, U.S., on May 27.
Photographer: David Ryder/BloombergThis article is for subscribers only.
Boeing Co. 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% target unveiled in April.
The “voluntary layoff” will be offered largely to staffers in the company’s commercial airplanes unit, services division and corporate operation, Chief Executive Officer Dave Calhoun said Monday in a message to employees that was seen by Bloomberg News. More details will be made available to workers beginning Aug. 24.