Boeing to cut work force and production as it braces for years-long industry recovery [Toronto Globe and Mail (Ontario, Canada)]
Boeing Company (The) (BA)
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Source: Toronto Globe and Mail
Boeing to cut work force and production as it braces for years-long industry recovery A Boeing logo is seen at the company's facility in Everett after it was announced that their 777X model will make its first test flight later in the week in Everett, Washington, U.S. January 21, 2020. REUTERS/Lindsey Wasson/Files LINDSEY WASSON/Reuters A Boeing logo is seen at the company's facility in Everett after it was announced that their 777X model will make its first test flight later in the week in Everett, Washington, U.S. January 21, 2020. REUTERS/Lindsey Wasson/Files Boeing Co said on Wednesday it would cut its workforce by about 10 per cent, further reduce 787 Dreamliner production and try to boost liquidity as it prepares for a years-long industry recovery from the coronavirus pandemic that drove the planemaker to a net loss for the second straight quarter. Chicago-based Boeing burned through $4.7 billion in cash in the first quarter but said it was confident of getting sufficient liq
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- BA's page on the SEC website