Aircraft
Boeing Prepared to Start Involuntary Layoffs
Boeing CEO David Calhoun said the company will begin involuntary layoffs of 6,770 U.S. employees this week.

Boeing notified its workers in a letter on Wednesday that it will begin involuntary layoffs this week of 6,770 U.S.-based employees, most of whom will leave the company on July 31. The move comes after Boeing approved voluntary layoffs for 5,520 U.S. employees as part of a 10-percent workforce reduction plan announced on April 29. The cuts will disproportionately affect the company’s commercial airplanes and services businesses, amounting to 15 percent of the workforce among those divisions.