Boeing Reportedly Planning to Cut Total Number of Employees by 10 Percent

© AP Photo / Nick UtFile-In this Wednesday, May 21,2008 file photo, the company logo for The Boeing Co., is displayed in El Segundo, Calif. Boeing Co. say it's cutting 1,100 jobs from its U.S. plants, most of them in Southern California, as it scales back production of its C-17 cargo planes.
File-In this Wednesday, May 21,2008 file photo, the company logo for The Boeing Co., is displayed in El Segundo, Calif. Boeing Co. say it's cutting 1,100 jobs from its U.S. plants, most of them in Southern California, as it scales back production of its C-17 cargo planes. - Sputnik International
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As the coronavirus (COVID-19) pandemic continues to reduce airline passenger traffic, the jobs of nearly 7 million people are at risk, according to the International Air Transport Association (IATA).

The company Boeing plans to reduce its total number of employees by roughly 10% through a “combination of voluntary layoffs, natural turnover, and involuntary layoffs as necessary”, Reuters reported citing an email to employees by the CEO.

"The COVID-19 pandemic is affecting every aspect of our business, including airline customer demand, production continuity and supply chain stability", Boeing President and CEO David Calhoun said. "Our primary focus is the health and safety of our people and communities while we take tough but necessary action to navigate this unprecedented health crisis and adapt for a changed marketplace".

The International Labour Organisation (ILO) said earlier today in a fresh report on the impact of COVID-19 on employment that over 300 million people across the world will lose jobs, and 1.6 billion people will lose their livelihoods due to the quarantine measures imposed worldwide to contain the coronavirus pandemic.

On 27 April, the company disclosed new voluntary layoff offers (VLOs) to employees. Boeing spokesman Bernard Choi said a day later that "several thousand employees taking VLO or retiring is our expectation".

The travel and hospitality industries were some of the first to feel the economic damage from the pandemic.

According to the John Hopkins University Coronavirus Resource Centre, the number of people infected with the novel coronavirus worldwide has exceeded 3.1 million and more than 216,000 of them have died.

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