Boeing considering 10% payroll cut after coronavirus pandemic shuts down plane manufacturing [MSNBC.com]
Boeing Company (The) (BA)
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Source: MSNBC.com
In this Monday, Dec. 16, 2019, file photo, a Boeing worker walks in view of a 737 MAX jet in Renton, Wash.Elaine Thompson | APBoeing has approximately 160,000 employees worldwide, but the payroll cuts are likely to focus on the commercial airplane division, which is facing major financial pressure. Boeing is not manufacturing any commercial airplanes due to thecoronavirus pandemicOn Monday the company said it would suspend production of 787 Dreamliner planes in South Carolina because of the coronavirus pandemic, a move thatput all of the manufacturer's production of commercial airplanes on holdThe announcement came after South Carolina Gov. Henry McMaster ordered most residents to stay at home except for certain activities such as buying essential goods or visiting family.Even before Boeing shut down all of its plants due to the COVID-19 outbreak, it had suspended production at its Renton, Washington plant where the 737 Max is manufactured.On Wednesday, Boeing's rival Airbus said it w
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BA
Earnings
- 10/29/25 - Miss
BA
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- BA's page on the SEC website