Boeing to Cut 10% of Workforce as Coronavirus Puts Brakes on Air Travel

Boeing to Cut 10% of Workforce as Coronavirus Puts Brakes on Air Travel
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Aerospace giant reacts to ‘body blow’ to business in mapping out reduced production

Boeing Co. outlined a survival plan including thousands of job cuts and the raising of new funds, as the largest U.S. exporter reels from the pandemic and the near-collapse of passenger air travel.

The aerospace giant said Wednesday it plans to take on more debt and is evaluating federal loans in order to support a supply chain of about…

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