Boeing announces voluntary layoffs to cut costs as coronavirus leaves it in 'uncharted waters' BA
Get the Full StoryStephen Brashear GettyBoeing will offer a voluntary layoff option to employees this month, the company said Thursday.
CEO Dave Calhoun said in a letter to workers that the plan would allow Boeing to come out of the coronavirus pandemic the right size for the new industry.
"It's important we start adjusting to our new reality now," he said.
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Boeing on Thursday announced a voluntary layoff plan to help cut costs as the coronavirus complicates the company's recovery from its 737 Max crisis.
In a letter to employees, CEO Dave Calhoun said recent events have left the company in 'uncharted waters' and that cutting staff now will help the planemaker adjust to the smaller aerospace market likely to exist after the pandemic.See the rest of the story at Business InsiderNOW WATCH: Tax Day is now July 15 this is what it's like to do your own taxes for the very first timeSee Also:Royal Caribbean's CEO won't be paid until September and other executives are taking 25 pay cuts as the coronavirus ravages the cruise industryEmpty exhibits, eating outside, and cars staged 6 feet apart: What it's like to take delivery of the historic mid-engine Chevy Corvette during a pandemic64 global airlines have completely stopped flying scheduled flights due to travel bans, airspace closures, and low demand for travel see the full list
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