Covid-19: Boeing mulls 10% workforce cut; announces voluntary layoff plan

The coronavirus pandemic has compounded the year-old crisis over the grounding of Boeing's 737 MAX

Boeing 737 MAX
An aerial photo shows Boeing 737 MAX airplanes parked at the Boeing Factory in Renton, Washington, US. Photo: Reuters

The US-based airplane major, Boeing, is planning to cut nearly 10 per cent of its workforce amid the fallout caused by the coronavirus-induced pandemic, according to a media report. CEO Dave Calhoun outlined a plan of voluntary layoffs for employees, while warning that the coronavirus pandemic would have a lasting impact on the global aerospace industry. The plan, which includes buyouts, early retirements and involuntary layoffs, is expected to mostly target the company's commercial arm, since turmoil in the global airline industry has put the unit under immense strain, ...