:

Business/Financial

Boeing Begins Involuntary Layoffs, with Minimal Impact to Defense Sector

By Vivienne Machi

Wednesday, May 27th, 2020

SHARE:

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…

Congress

Senior GOP HASC Members Wittman, Turner Ousted Amid Dems’ Blue Wave

Two senior Republicans on the House Armed Services Committee, including a potential frontrunner for the panel’s top GOP role, have officially lost their reelection bids. Reps. Rob Wittman (R-Va.) and […]

Congress

Dems’ Big Night Set To Reshape Top Defense Committee Spots, As Key GOP’ers Knocked Off

Democrats’ sweeping victories in Tuesday’s midterms, taking back control of the House and Senate, are set to reshape key spots atop defense committees, to include House Armed Services panels and […]

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]