Boeing to cut thousands of additional jobs as it prepares for long air travel slump in pandemic | WHAT REALLY HAPPENED

Boeing to cut thousands of additional jobs as it prepares for long air travel slump in pandemic

Boeing, which is already shedding 16,000 jobs, said Wednesday it will cut thousands more through the end of next year as it prepares for a long slump in air travel and aircraft demand because of the coronavirus pandemic.

Boeing’s CEO Dave Calhoun told employees the company aims to have a staff of 130,000 by the end of 2021. Earlier this year, Boeing targeted a 10% cut to its staff, which stood at 160,000 people at the start of the year.

About 19,000 employees are leaving Boeing this year, but the company is adding some jobs in its more stable defense unit.

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