Business Standard

Boeing to further assess workforce size amid pandemic as market shrinks

In Commercial Airplanes Programs, Boeing delivered a total of 20 aircraft in the second quarter of 2020

Boeing to further assess workforce size amid pandemic as market shrinks
Premium

Boeing previously announced a net 10 per cent workforce reduction in 2020 through a combination of voluntary layoffs, attrition and involuntary layoffs (ILOs) to align to a smaller market.

IANS New Delhi
Boeing will further assess the size of its workforce amid the Covid-19 pandemic, the American airplane giant's President and CEO Dave Calhoun said.
The market simply won't support higher output levels at this time, and the company needs to adapt accordingly, Xinhua news agency reported citing Calhoun as saying in a letter to employees sent on Wednesday.
Boeing previously announced a net 10 per cent workforce reduction in 2020 through a combination of voluntary layoffs, attrition and involuntary layoffs (ILOs) to align to a smaller market.
According to Calhoun, the first wave of associates affected by ILOs received notification in May, and the

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in