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April 3, 2020

Boeing offers plan for voluntary layoffs

SEATTLE (AP) — Boeing is offering a voluntary layoff plan to prepare for an aircraft industry that the CEO says will take time to recover from the coronavirus pandemic.

CEO David Calhoun didn't rule out involuntary job cuts later. Boeing's airline customers are seeing a massive decline in revenue because of travel restrictions to contain the spread of the virus, and many have made their own early-out offers to employees.

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