Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Shortly after disclosing the job cuts, Boeing announced Wednesday that it has resumed production of the grounded 737 Max jetliner. Two deadly crashes of Max jets pushed Boeing into a financial crisis months before the coronavirus squeezed global air travel to a trickle.
Chicago-based Boeing has reduced production rates on several airplane models in response to falling demand. The company's defence and space division has remained relatively stable, helping offset the decline in air travel and demand for passenger jets. Calhoun said the company faces the challenges of keeping employees safe and working with suppliers and airlines "to assure the travelling public that it can fly safe from infection."
"This is an extremely tough time for anyone working in aerospace, and certainly at Boeing," said Bill Dugovich, a union spokesman. The union has been running webinars to explain Boeing's severance program and how to apply for unemployment, he said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boeing slashes 12,000 jobs as virus seizes travel industryBoeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Read more »
Boeing slashes 12,000 jobs as virus seizes travel industryBoeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Read more »
Higher prices encourage Canadian oil producers to boost productionWestern Canadian producers are moving to restore some oil production as crude prices rise with demand thanks to the gradual opening of the world economy and OPEC and Russian output cuts.
Read more »
Uber lays off 600 people in India as the coronavirus pandemic hurts businessUber said on Tuesday that it is cutting 600 jobs in India, roughly 25 per cent of its workforce in the country.
Read more »
BC Ferries to resume service between Nanaimo and Vancouver with four round-trip sailings every dayCOVID-19 forced suspension of routes in early April
Read more »