Wednesday, 27 May 2020

Boeing to axe over 12,000 jobs in the U.S. with thousands more planned

The US planemaker Boeing has confirmed it will be axing more than 12,000 people in the U.S.. With thousands of more job losses on the way as it struggles to get to grips with life in a post-COVOD-19 world and the financial fallout of the more than a year-long grounding of the 737 Max jets. 

Boeing announced last month that it would be shedding lots of positions as the pandemic has caused a global downturn in airline passenger numbers and the firm received hundreds of order cancellations.  It has now finished its voluntary layoff (VLO) programme which will 5520 people leave the company in the next few weeks.  Now the company has advised that 6770 workers will find out if they will be compulsory laid off before the weekend. 

The firm is also consulting worldwide over future job losses,  with hundreds expected in the UK as the company says the COVID-19 pandemic’s devastating impact on the airline industry means a deep cut in the number of commercial jets and services that will be needed over the next few years. As a direct result Boeing will need fewer employees in all its locations. 

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