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 * Business


BOEING DETAILS PLANS FOR MASS JOB CUTS


AEROSPACE COMPANY STARTS FORCED LAYOFFS AS IT REDUCES JETLINER PRODUCTION

How Boeing and Airbus Plan to Survive as Coronavirus Reshapes Aviation
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How Boeing and Airbus Plan to Survive as Coronavirus Reshapes AviationPlay
video: How Boeing and Airbus Plan to Survive as Coronavirus Reshapes Aviation
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As the coronavirus pandemic rocks the aviation industry, two industry giants are
fighting to protect their legacies. WSJ’s Jaden Urbi explains what Boeing and
Airbus are doing to survive this unprecedented crisis—and how it could reshape
the future of aviation. Photo Composite: George Downs
By
Doug Cameron
Updated May 27, 2020 10:43 pm ET

Print

Text

56



Boeing Co. intends to shed more than 13,000 employees, the plane maker said
Wednesday, including the first round of compulsory cuts as part of previously
announced plans triggered by the coronavirus-driven collapse in global air
travel.

The initial tranche of cuts is far larger than indicated on Tuesday by union
officials. The aerospace company said the layoff notices delivered this week
will be the largest part of plans announced last month to shed about 10% of its
160,000-strong global workforce this year as it reduces jetliner production in
response to airlines’ inability and unwillingness to take new aircraft after
huge declines in passenger traffic.


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