Boeing Cuts More Than 12,000 Jobs Due To Drop In Air Travel

A line of Boeing 737 MAX jets sit parked on the airfield adjacent to a Boeing production plant last month in Renton, Wash. Boeing now says it is cutting thousands of jobs.A line of Boeing 737 MAX jets sit parked on the airfield adjacent to a Boeing production plant last month in Renton, Wash. Boeing now says it is cutting thousands of jobs.

Financially beleaguered airlines are deferring and canceling orders for new planes. In April, Boeing did not book a single new aircraft order for the second month this year and airlines canceled orders for 108 jets. The company is moving to cut costs to match that slump in its core business. Calhoun announced in April that the company would need to reduce its workforce by 10%, meaning 16,000 jobs would be need to be eliminated.

They got the stimulus money, so makes sense job cuts is next. Thats how these corporations work.

Does this mean that they have to give back all that paycheck protection money?

And what an incredible differance in air quality. At lease where I live.

What do you expect. China bombs us with this virus and most are going broke. Not a good sign for people who want to work. Even the crooks are having to baby sit. NPR you nerve.

Go back to building airplanes that don’t fall out of the sky and that don’t have trash left behind the assembly process and Boeing wouldn’t have to lay anybody off.

didn't they get a disproportionate share of the funds available in the 'stimulus?'

Boeing profits: 2017: $17.4 Billion 2018: $19.7 Billion 2019: $4.5 Billion Jan-Apr 2020: $152 Million The CEO works for the shareholders, not the employees. It doesn't matter that they're still profitable; they'll send people packing to protect executive portfolios.

Where’s trump’s tweet about the failing Boeing Corp. ?!?!

😢

They didn't focus on important emerging issurs like Hepa filter segregated HVAC in the planes. travel comfort and service. They've become complacent like McDonalds service

It will all bounce back. Flew last week on a new Boeing that put any Airbus to shame.

I’m wondering if realDonaldTrump is going to celebrate these job losses like the jobs at TheAtlantic

No bail out. Those scammers.

It's not really necessary to cut all those jobs, they can just fly the planes around empty so people can get practice. Then when the customers come back they'll be better than ever.

Yes but twitter is fact checking Donald’s bullshit. That’s like, so much more important than 38 million unemployed and counting.

We warned you all POTUS was bad for the economy.

I thought Trump promised that everything was going back to the way it was, even better?

3 years of a bull market and record profits, and corporations can't weather 6 months to protect their own workers?

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Boeing set to announce significant U.S. job cuts this week: unionBoeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union said. How can this be? Trump keeps promising that the economy will be skyrocketing shortly. But likely no Boeing job cuts in China ... Im sure it will rally again tomorrow.
Source: Reuters - 🏆 2. / 97 Read more »

Boeing Slashes Over 12,000 Jobs, With More Cuts ComingThe cuts come as the commercial airline industry has seen a historic fall in demand. The wealthy, and corporations, have trained both sides of the aisle to convince average Americans that stock prices are the only important barometer for the economy, and pouring money on rich people is a reasonable way to try to solve every problem, while labor is disposable. There shouldn’t be bailouts if it isn’t for employees. Or am I missing something? Ouch
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WSJ News Exclusive | Boeing and Airbus Study How Coronavirus Behaves During Air TravelThe airplane makers are researching the coronavirus’s behavior inside jetliners, part of the industry’s effort to curb risks that have brought air traffic to a near standstill. I think we know. the wise won't be flying anytime soon Going to need individual cabins for passengers. Flying will become a lot more expensive.
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Boeing cutting more than 12,000 U.S. jobs with thousands more plannedBoeing Co said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American planemaker restructures in the face of the coronavirus pandemic. Waiting for Trump to give them more money boeing is a great American company.. they should be proud to put profits before people while they take billions of the people's money trumpgenocide failure I'm super proud of the Old VICE PRESIDENT of 'STARBUCKS' starting a new venture in $XSPA I see a strong future after their 1st Airport Contract JFK! Let's get our Pilots back! investor StockMarket stocks NewYork Newwiee business makemoneyonline MARK XSPA
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Boeing lays off nearly 7,000 workersBoeing let go 6,770 workers Wednesday, part of a reduction of 16,000 jobs it plans to implement in response to reduced demand for air travel during the Covid-19 pandemic. Cuomo granted immunity to nursing home executives, after big-money campaign donation: report FoxNews Thank CNN for lying to the public and creating paranoid leftists for 40 years.
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Boeing to lay off 6,770 workers due to pandemic details, background - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. who cares as long as the investor stocks goes up... SARCASM guys!! Is this the beginning of the new face of Travel? QUARTA, DE NOVO!? COM CERTEZA, COM MESA MUITO FARTA DE 'ARROZ, FEIJÃO E OVO'! AH, QUE PLENA SATISFAÇÃO!
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