Boeing Announces Thousands Of Job Cuts

Boeing announced involuntary layoffs affecting over 6,700 US workers due to the pandemic's impact on travel and plane orders. The company offers support like severance pay and career services. Additionally, 5,520 workers opted for voluntary buyouts. Boeing's employment stands at 160,000. The pandemic led to zero plane purchases in April and many canceled orders for the 737 Max, which was already grounded after fatal crashes.

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