Boeing announced a first-quarter loss of more than $640 million Wednesday. It outlined a recovery that requires reducing production on all its passengers jets and cutting 10% of its workforce. But it also relies on restarting production on the 737 Max, a plane riddled with controversy and grounded for more than a year.
Boeing Is Banking Its Coronavirus Recovery On A Crisis-Causing Plane
The company said the cost of the pandemic will mean cutting 16,000 jobs and immediately scaling down production on all its passenger jets.
Posted at 8:16 PM, Apr 29, 2020
and last updated 2020-04-29 20:16:33-04
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