Boeing cuts over 12 thousand employees because of the COVID-19

The American concern Boeing Co., one of the world’s largest manufacturers of aviation, space, and military equipment, announced its intention to reduce more than 13 thousand employees.

The initial volume of cuts is significantly higher than the one mentioned by trade union representatives on Tuesday, May 26. The company said it would send staff the largest number of cut notifications this week as part of plans to lay off about 10% of the total number of employees, which is 160,000.

Boeing announced a forced reduction of about 6,770 people in the United States, and the group also approved the voluntary departure of 5,520 people with severance pay, which will leave the company over the next few weeks.

These are the first major cuts since 2017 when Boeing laid off about 1.5 thousand employees as part of cost-cutting measures.

The international staff of the concern is about 18 thousand people, the company will reduce about 700 jobs in Canada, Australia, and New Zealand.

Boeing halves the production of 787 airliners, Wednesday, May 27, the company said it has resumed production of 737 MAX aircraft in a limited volume.

Boeing shares during additional trading rose 4.8%.

Graduated from Embry-Riddle Aviation University with a master's degree in aviation science. He began his career as an aviation researcher in local periodicals. Has a pilot license. Now are the author and developer of the Plane Worlds.