Boeing cuts extra jobs as plane industry slows

Boeing will reduce extra jobs because it continues to bleed cash and lose earnings all the way through an epidemic that has smothered call for for brand spanking new airline planes. The corporate stated Wednesday it expects to chop its group of workers to about 130,000 workers through the tip of subsequent 12 months, down 30,000 from the beginning of this 12 months. That is some distance deeper than the 19,000 aid that the corporate introduced 3 months in the past. Boeing Co. up to date its jobs plan at the similar day it reported a $449 million loss for the 3rd quarter, a swing from the $1.17 billion it earned in the similar length final 12 months. The