Boeing Slashes Over 12,000 Jobs, With More Cuts Coming

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Boeing Slashes Over 12,000 Jobs, With More Cuts Coming
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The cuts come as the commercial airline industry has seen a historic fall in demand.

Those jobs will officially be cut before July 31, according toThe cuts were largely attributed to decline in demand for commercial air travel, with Boeing CEO Dave Calhoun saying in a message to employees that the defense and space side of Boeing’s business remains strong.Boeing had been on a downward trajectory even before the coronavirus pandemic after two of its 737 MAX aircraft were involved in deadly crashes, leading President Donald Trumpthe 737 MAX jets in March of 2019.

Calhoun said the company plans to recertify its 737 MAX aircraft, with modified flight control systems, and get them back into service at some point later this year. Boeing is not alone in making deep cuts as the entire airline industry grapples with lost revenue. United Airlines, for example, has said it plans to cut“We have come to the unfortunate moment of having to start involuntary layoffs,” Calhoun said to employees, adding “I wish there were some other way.”It’s not clear when the company plans to make another round of cuts, and what areas might be impacted.

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