Coronavirus fallout: Boeing announces massive layoffs, cuts 12000 jobs
India TV NewsBoeing is cutting more than 12,000 jobs through lay-offs and buy-outs as the coronavirus pandemic seizes the travel industry, with more cuts to come. We will provide all the support we can to those of you impacted by the ILOs — including severance pay, COBRA health care coverage for U.S. employees and career transition services," Boeing said in a statement published on its website. A Boeing spokesperson said Wednesday's actions represent the largest number of job cuts, but several thousand additional jobs will be eliminated in the next few months. Boeing also considering layoffs at international locations Boeing said additional job cuts will be made in international locations, but it did not specify numbers. CEO David Calhoun said Wednesday the company faces the challenges of keeping employees safe and working with suppliers and airlines "to assure the traveling public that it can fly safe from infection."
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