Boeing Co is freezing new hiring and overtime except in certain critical areas i...
A visitor walks past the Boeing logo on display during the fifth day of Dubai Air Show in Dubai, United Arab Emirates November 21, 2019. REUTERS/Christopher Pike
Layoffs or furloughs were also a “real possibility” but were seen as a separate, later action, one of the people said. A second industry source said job cuts were likely as the aviation industry is squeezed by plummeting travel demand and a safety ban on the 737 MAX after two fatal crashes hit the one-year mark.
Boeing CEO Dave Calhoun told employees on Wednesday in a memo seen by Reuters that the company was taking steps to address the business pressures that result from “the pain our customers and suppliers are feeling.”Boeing took the extraordinary step of preserving production staffing levels when shutting down 737 MAX production earlier this year in order to be ready to ramp back up when the 737 MAX wins regulatory approvals to return to service.
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