Boeing To Cut 30,000 Jobs By End of 2021

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Boeing will cut more jobs as it continues to bleed money and lose revenue during a pandemic that has smothered demand for new airline planes.

The company said Wednesday that it expects to cut its workforce to about 130,000 employees by the end of next year, down 30,000 from the start of this year. That is far deeper than the 19,000 reduction that the company announced three months ago.

Boeing Co. updated its jobs plan on the same day it reported a $449 million loss for the third quarter, a swing from the $1.17 billion it earned in the same period last year. The loss was narrower than analysts expected, however.

Read more at NEWSMAX.

{Matzav.com}


1 COMMENT

  1. I want to consider I will someday find an ocean cruise to Israel from Virginia. I hate the messy thought of bad flight.

    Family says Spielberg should donate his 200 foot ocean liner to jewish cause and mind it for trip brag to the holy land. He is busy intermarried but it might be more polite that his holocaust films.

    The vibe is vacant since he films women. Rest was our need.

    Fly well.

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