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  2. Boeing is to cut another 7,000 jobs as its losses mount in the pandemic. The US planemaker, which had already announced deep cuts, said its staff would be down to just 130,000 by the end of next year - 20% down on the 160,000 it employed before the crisis.
    www.bbc.com/news/business-54716296
    Nearly 13,000 Boeing workers, mostly in the US, are set to lose their jobs in the coming weeks, as cuts at the American aerospace giant take effect. More layoffs are expected, some of which may affect the UK. The reductions had been expected since Boeing revealed plans last month to slash its global workforce by 10% - or roughly 16,000 jobs.
    www.bbc.com/news/business-52827377
    Boeing, which is already shedding 16,000 jobs, said Wednesday it will cut thousands more through the end of next year as it prepares for a long slump in air travel and aircraft demand because of the coronavirus pandemic. Boeing’s CEO David Calhoun told employees the company aims to have a staff of 130,000 by the end of 2021.
    www.nbcnews.com/business/business-news/boein…
    (CNN) -- Boeing announced it will cut an additional 7,000 jobs as its losses continue to mount following a plunge in revenue. The aircraft maker had already announced was reducing staff by 16,000 jobs earlier this year, through a combination of voluntary and involuntary layoffs.
    www.cbsnews.com/chicago/news/boeing-will-lay-of…
     
  3. People also ask
    How many employees will Boeing cut?Boeing Co. intends to shed more than 13,000 employees, the plane maker said Wednesday, including the first round of compulsory cuts as part of previously announced plans triggered by the coronavirus -driven collapse in global air travel. The initial tranche of cuts is far larger than indicated on Tuesday by union officials.
    How many job losses will Boeing expect?“We expect about 2,000 reductions primarily in Finance and HR through a combination of attrition and layoffs,” Boeing said in a statement Monday. “While no one has been notified of job loss, we will continue to share information transparently to allow people to plan.”
    What happened to Boeing stock?Boeing’s stock price fell 16% from January 5 th to February 12 th. Meanwhile, Airbus, Boeing’s principal competitor, has seen its stock rise nearly 6% in the same time-period. There have been other incidents. In 2018 and 2019 there were two fatal crashes of the 737 Max 8.
    Did Boeing lose money in Q1?Boeing’s commercial airline business still lost money in the quarter, but it shaved its operating loss significantly, to $472 million from $2.7 billion a year ago. The company overall was able to turn a profit thanks to improved earnings from its other units.
     
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    WebFeb 7, 2023 · BY The Associated Press. February 7, 2023, 2:40 PM PST. Boeing plans layoffs. Toby Scott—SOPA Images/LightRocket/Getty Images. Boeing plans to make staffing cuts in the aerospace company’s...

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