Boeing will offer workers buyouts as it seeks to adjust to a future of lower demand for airliners, and signaled that layoffs could follow
Calhoun said the company would like to reduce headcount through natural turnover and voluntary retirements “to the extent we responsibly can.”
Boeing could find many takers, depending on the terms. Its manufacturing workforce is aging: As of 2018, almost a third of the 27,000 employees represented by its machinists union “This is really just a start, since 787 output will decline and the 737 MAX ramp will be much slower than expected,” said Richard Aboulafia, an analyst with Teal Group.
Widebody deliveries could fall by 60% over the next three years, Jefferies analyst Sheila Kahyaoglu said in a report Tuesday. She believes Boeing will be forced to cut production of the 787 Dreamliner, a key cash cow, to four a month this year from 14, with a slight rebound to six a month in 2021.Boeing has asked for $60 billion in financial aid for the U.S. aerospace industry, butif he would have to give the government an equity stake in the company.
Boeing appears to be eligible to receive funds from a $17 billion loan facility included in a $2 trillion stimulus package passed by Congress last week, but recipients are required to maintain staffing at 90% of current levels.
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