Boeing to shrink workforce and production as coronavirus slams industry [Reuters]
Boeing Company (The) (BA)
Last boeing company (the) earnings: 4/29 07:30 am
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Source: Reuters
Boeing to shrink workforce and production as coronavirus slams industry (Reuters) - Boeing Co ( BA.N ) said on Wednesday it would cut its 160,000-person workforce by about 10%, 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 its second consecutive quarterly loss. Planemakers, airlines and suppliers have been left reeling by the pandemic, which has crippled passenger travel and catapulted major economies into recession. “Our industry is going to look very different as a result of this pandemic,” Boeing CEO Dave Calhoun told investors. “We will be a smaller company for a while.” Chicago-based Boeing burned through $4.7 billion in cash in the first quarter, but said it was confident of getting sufficient liquidity to fund its operations, sending its shares up 7.7% to $141.37. Many of the job cuts, to be completed by the end of year through voluntary and involuntary layoffs as
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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