Boeing to Cut 10% of Work Force as 1Q Revenue, Profit Slide - News Summed Up

Boeing to Cut 10% of Work Force as 1Q Revenue, Profit Slide


Boeing was in financial trouble before the virus outbreak, however. The grounding of the Max added billions in costs and cut deeply into revenue last year, leading to Boeing’s first money-losing year in two decades. The company faces criminal and civil investigations and a flurry of lawsuits by families of the people killed in the crashes.


Source: International New York Times April 29, 2020 12:00 UTC



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