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Top 10 biz headlines: Boeing cuts 12,000 jobs, SBI slashes FD rate and more

Here are the top 10 headlines on Thursday morning

Boeing to freeze hiring, overtime due to 737 MAX, virus impacts

The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business

BS Web Team New Delhi
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming. The Indian economy may shrink five per cent in the current fiscal, and may barely recover the loss next year by growing five per cent, say experts. Here are the top ten business headlines on Thursday

Boeing slashes 12,000 jobs as coronavirus impacts travel industry

Boeing will lay off 6,770 US employees this week, and another 5,520 workers are taking buyout offers to leave voluntarily as the coronavirus pandemic seizes the travel industry. Read more

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First Published: May 28 2020 | 6:48 AM IST

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