• Boeing unveils voluntary layoffs and early retirement packages

    Boeing unveils voluntary layoffs and early retirement packages

    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 …
  • Boeing temporarily closes Washington state factory over Chinese virus crisis

    Boeing temporarily closes Washington state factory over Chinese virus crisis

    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. …
  • General Electric’s aviation unit to cut 10 percent of US employees

    General Electric’s aviation unit to cut 10 percent of US employees

    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 …
  • Planet Fitness members outraged over March bill amid Chinese virus closures

    Planet Fitness members outraged over March bill amid Chinese virus closures

    Angry gym rats blasted Planet Fitness on Thursday after they learned the chain had charged their accounts for the month of March — despite the fact they’ve been stuck at home because of the coronavirus. “Planet Fitness making sure they snatch my membership fee from my checking account even though gyms are closing nationwide,” Twitter …