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Business/Financial

Boeing Begins Involuntary Layoffs, with Minimal Impact to Defense Sector

By Vivienne Machi

Wednesday, May 27th, 2020

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Boeing Begins Involuntary Layoffs, with Minimal Impact to Defense Sector

Boeing's KC-46 tanker modification center in Everett, Wash. (Photo by Marc Selinger/Defense Daily)

Boeing [BA] is sending involuntary layoff notifications to over 6,700 U.S. employees as the company plans to lower its total headcount by 10 percent due to the impact of the COVID-19 pandemic. Company President and CEO David Calhoun sent a May 27 message to employees sharing the news that 6,770 employees would be laid off this week. The company will provide severance pay, COBRA health care coverage for U.S. employees and career transition services to those affected. “The COVID-19 pandemic’s…

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