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Boeing Plans Deeper Job and Production Cuts

July 29, 2020

Via: The Wall Street Journal

Category:

Boeing Co. said it would cut production of commercial jets and shrink its workforce further as the coronavirus pandemic deepens its toll on the global aviation industry.

The U.S. aerospace giant said Wednesday that it lost $2.4 billion in the second quarter, reflecting the impact of the pandemic as well as the prolonged grounding of the 737 MAX aircraft following two fatal crashes. This compared with a loss of $2.9 billion in the same period last year.

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