Boeing has warned it would cut the jobs of 30,000 workers after another quarter of heavy losses caused by the coronavirus pandemic and the grounding of the 737 MAX.
The US manufacturer said it expected to have a workforce of 130,000 by the end of 2021, down from 160,000 before the pandemic.
The firm posted a loss of $466m for the three months to 30 September, its fourth straight quarterly decline.
However, Boeing reaffirmed that US deliveries of the 737 MAX would resume before the end of the year.
“The deep impacts of Covid-19 on the commercial aviation market and our business are …read more
Source:: Gulf times