By Juno Consultants Pvt. Ltd.

08/22/2020 Boeing is planning another round of job cuts on top of the 16,000 positions it previously announced it would eliminate.
The aircraft maker has been hit by hundreds of canceled orders as airlines struggle with a plunge in demand for air travel during the Covid-19 pandemic. Boeing said in April it planned to cut 10 per cent of its global staff of 160,000 employees in response.
"The pandemic has been tough on our people, our business and our industry. While there have been some signs of recovery, the reality is we're in a challenging position," said CEO Dave Calhoun in a message to Boeing employees Monday. He said there would be a new round of buyouts offered to employees next week.
"This action will extend our overall workforce reductions beyond the initial 10 per cent target and will allow more employees who want to depart the company to do so voluntarily with a pay and benefits package," Calhoun said. "Importantly, it also will help limit additional involuntary workforce actions. I truly wish the current market demand could support the size of our workforce. Unfortunately, layoffs are a hard but necessary step to align to our new reality."