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Boeing Chief Executive Dave Calhoun outlined a plan of voluntary layoffs for employees on Thursday, while warning that the coronavirus pandemic would have a lasting impact on the global aerospace industry. Under the plan, eligible employees who want to exit the company will be offered pay and benefits package, Calhoun said in a memo. “We’re …
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Boeing said on Monday it will halt production temporarily at its Washington state twin-aisle jetliner factory due to risks from coronavirus, confirming an earlier Reuters report. Following a similar move by European rival Airbus, Boeing said a temporary operations shutdown at its facilities across Seattle’s Puget Sound region will last 14 days beginning March 25. …
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General Electric’s aviation unit plans to cut its total US workforce by about 10 percent, chief executive officer Larry Culp said Monday, as airlines delay purchases amid the coronavirus pandemic. In a letter to employees, Culp also said he would forgo his salary for the rest of 2020. The company’s aviation business makes engines for …
Boeing Chief Executive Dave Calhoun outlined a plan of voluntary layoffs for employees on Thursday, while warning that the coronavirus pandemic would have a lasting impact on the global aerospace industry. Under the plan, eligible employees who want to exit the company will be offered pay and benefits package, Calhoun said in a memo. “We’re …
