Aircraft
Boeing To Unveil Voluntary Layoff Plan
The CEO of U.S. aerospace giant Boeing warned of unforeseen “challenges” spawned by the Covid-19 pandemic.
Boeing CEO David Calhoun (Photo: Boeing)
Boeing CEO David Calhoun (Photo: Boeing)

Boeing is offering employees voluntary layoffs accompanied by a pay and benefits package in an effort to mitigate the likely need for more drastic cuts as the coronavirus crisis deepens. In a letter to all employees released to the media on Thursday, Boeing CEO David Calhoun said the company will provide details of the offer, including eligibility terms, over the next three to four weeks.