Boeing plans to slash 10 percent of its workforce amid pandemic fallout, Max grounding
Source: Washington Post
Boeing said Wednesday it plans a 10 percent staff reduction —more than 10,000 jobs — as the continued grounding of its signature jet combined with a global halt in air travel sapped billions from its once-profitable commercial jet division.
The company, which reported a loss of $1.7 billion, employs more than 150,000 people globally and said it now plans to cut approximately 10 percent of its total workforce. The report did not say where those job cuts would come from or give a total number but would equal more than 14,000 employees.
The 737 Max crisis alone has cost Boeing, once a Wall Street darling, $5 billion, the company reported Wednesday.
CEO Dave Calhoun said in a video message to employees that the losses would be steeper in the commercial airplane division, based in Renton, Wash.
Read more: https://www.washingtonpost.com/business/2020/04/29/boeing-plans-slash-staff-reports-17-billion-loss-amid-pandemic-fallout-max-grounding/
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someone should give them lots of tax breaks and subsidies, bailouts, really stimulate them. 
