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Business/Financial

Boeing Offers Voluntary Layoff Plan And Sees Long Road For Aerospace

By Cal Biesecker

Thursday, April 2nd, 2020

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Boeing Offers Voluntary Layoff Plan And Sees Long Road For Aerospace

Boeing President and CEO Dave Calhoun. Photo: Boeing

In response to current challenging conditions in the commercial aircraft market, Boeing [BA] on Thursday said it will offer a voluntary layoff (VLO) plan to eligible employees to minimize the need for additional workforce actions. The company also believes the ongoing hit to its industry from the COVID-19 pandemic means there will be a challenging road ahead for aerospace companies. “But one thing is already clear,” Boeing CEO Dave Calhoun said in a statement to company employees. “It will take…

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