Boeing cutting more than 12,000 US jobs, thousands more planned

WASHINGTON: Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American planemaker restructures in the face of the coronavirus pandemic.

Boeing said it restarted 737 MAX production at a"low rate" at its Renton, Washington factory. Reuters reported in April that regulatory approval for the MAX was not expected until at least August. The company announced in April it would cut 10per cent of its worldwide workforce of 160,000 by the end of 2020. Boeing said Wednesday 5,520 U.S. employees will take voluntary layoffs, and also disclosed it was notifying 6,770 workers of involuntary layoffs.

In April, Boeing recorded zero orders for the second time this year and customers canceled another 108 orders for the 737 MAX, compounding its worst start to a year since 1962.

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