Categories: Business

Boeing to cut more than 12000 jobs thousands more planned

Photo: BOEING

Boeing

new Delhi. Boeing, a global aircraft manufacturing company, is retrenching more than 12,000 people. The aviation industry has suffered a major setback due to travel restrictions due to the Kovid-19 crisis. The company has indicated that it may also hire more people. America's largest manufacturing company will this week lay off 6,770 American employees. In addition 5,520 employees have opted for voluntary retirement. Boeing had announced that it would cut its workforce by 10 percent. The company's total workforce is around 160,000.

According to Boeing, there has been a sharp drop in demand due to the Corona crisis. The company was already in trouble due to the restrictions placed on the 737 Max. Crash of two aircraft has halted the flight of its Max planes, and there are indications that these aircraft will not be allowed to fly before August. The crash affected the demand for Boeing's aircraft, worsening the company's financial position. Now due to Corona, the company is in trouble. Because of which the emphasis is on reducing costs.

This post was published on May 28, 2020 9:58 am

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