Boeing will retire employees early

02 / 04 / 2020
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Boeing has asked the US government for a rescue and financial injection of $ 60 billion, which was aid not only to America’s largest aerospace company, but $ 50 billion of loans were provided to the fighting aviation industry in the US. The reason for approving such a large amount is. Boeing, which is called the largest US exporter, has approximately 150,000 employees worldwide, almost half of which are grouped around awning plants in the Puget Sound region of Seattle.

Last week, Boeing shut down its two-aisle factory (2 aircraft at a time) and other plants around Seattle after more than a dozen employees – at least one lethal – were infected with the COVID-19 virus.

The crisis came at the most inconvenient time, as the coronavirus pandemic compounded the annual crisis related to the grounding of the Boeing 737 MAX after the fatal accidents that killed 346 people in five months.

The company must minimize costs rapidly. Boeing Co. is ready to offer buyout and early retirement packages to employees, two people familiar with the matter have put forward an offer to mitigate the financial collapse of the coronavirus pandemic on Wednesday. Boeing has initiated a voluntary lay-off plan that allows eligible employees who want to leave the company with a package of salaries and benefits, one person said. Already on Wednesday, the Wall Street Journal reported that the announcement of early retirement and redemption packages could arrive on Thursday.

The payout plan comes three weeks after the US planner has indicated that rent freeze and overtime will be paid, with the exception of certain critical areas, to preserve cash.

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