New York
Pressured by a prolonged commercial travel downturn and the hit from 737 MAX, Boeing has announced additional job cuts that will lower headcount by 30,000 positions over two years. The plane maker, which has been in belt-tightening mode throughout 2020 in the wake of the coronavirus on top of the 737 MAX crisis, plans to eliminate around 7,000 more jobs through the end of 2021. The latest announcements will shrink headcount down to 130,000 from 160,000 in January of this year, a drop of nearly 19 percent in less than two years. “The global pandemic continued to add pressure to our business this quarter, and we’re aligning to this new reality by closely managing our liquidity and transforming our enterprise to be sharper.—AN
