By David Koenig, Associated Press:
Boeing is cutting more than 12,000 jobs through layoffs and buyouts, with several thousand more cuts expected over the next few months as it deals with a downturn in air travel caused by the coronavirus pandemic.
The company said Wednesday it will lay off 6,770 U.S. workers this week, and another 5,520 employees are taking buyouts.
Boeing had already said it would cut 10% of a work force that numbered about 160,000. The layoffs are expected to be concentrated in the Seattle area, home to Boeing’s big commercial-airplanes business. The company says its defense business is stable and will help blunt the impact of falling demand for passenger jets.
