Boeing cuts 12,000 jobs, resumes production of grounded jet
May 27, 2020
Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Shortly after disclosing the job cuts, Boeing announced Wednesday that it has resumed production of the grounded 737 Max jetliner. Two deadly crashes of Max jets pushed Boeing into a financial crisis months before the coronavirus squeezed global air travel to a trickle.
Boeing, one of the nation's biggest manufacturers, said it will lay off 6,770 U.S. employees this week, and another 5,520 workers are taking buyout...