Aircraft
Boeing to Institute Big Cuts to Workforce and Production
CEO David Calhoun detailed plans for slashing the Boeing workforce by 10 percent and widebody aircraft production in half by 2022.
Boeing plans to cut 787 production rates from 14 per month this year to seven in 2022. (Photo: Boeing)
Boeing plans to cut 787 production rates from 14 per month this year to seven in 2022. (Photo: Boeing)

Boeing will shed 10 percent of its 160,000-strong workforce by the end of the year and significantly cut production of both widebody and narrowbody airplanes through 2022 as it adjusts to what it characterizes as a new market reality created by the Covid-19 crisis.