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October 29, 2020

Deeper job cuts at Boeing as pandemic throttles air travel

  • The company now expects to cut its workforce to about 130,000 people by the end of next year.
    • By DAVID KOENIG
    AP Airlines Writer

    Boeing will cut more jobs as it continues to bleed money and its revenue fades during a pandemic that has smothered demand for new airline planes.

    The company said Wednesday that it expects to cut its workforce to about 130,000 people by the end of next year, or 30,000 fewer than it began with in 2020. That is a far deeper cut to its workforce than the 19,000 jobs the company said it planned to trim just three months ago.


     
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