NNN?Business – Boeing Has To Lay-Off Nearly 7,000 Workers – 5/31/20

Boeing lays off nearly 7,000 workers

By Christopher Violante Isidore and Gregory Wallace, CNN Business

Updated 6:18 PM ET, Wed May 27, 2020

New York (CNN Business)Boeing laid off 6,770 workers Wednesday, part of a plan to reduce 16,000 total jobs because of the rapid decrease in air travel during the Covid-19 pandemic.”We have come to the unfortunate moment of having to start involuntary layoffs,” CEO Dave Calhoun said in a message to employees Wednesday. “I wish there was some other way.”While Boeing notified the laid-off workers Wednesday, most will stay on the payroll through the end of July, the comany said.Before Wednesday’s involuntary layoffs, 5,520 Boeing employees had accepted a voluntary buyout package, a Boeing spokesperson told CNN….Continue Reading At Cnn.com

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