Boeing to offer second layoff plan, CEO Calhoun sees smaller market ahead

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Boeing to offer second layoff plan, CEO Calhoun sees smaller market ahead
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Boeing Co said on Monday it would offer employees a voluntary layoff package with pay and benefits for the second time this year, as the planemaker battles a coronavirus-induced slowdown in global air travel.

FILE PHOTO: Signage of The Boeing Company in Seattle, Washington, U.S. June 29, 2020. REUTERS/Karen Ducey

It will be offered to employees in the commercial airplanes and services businesses as well as corporate functions, Chief Executive Officer Dave Calhoun wrote in a note to employees, a copy of which was seen by Reuters. The company doesn’t have a set target at this time and was encouraging all eligible employees interested in the voluntary layoff package to apply, Boeing said in a statement.

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