Boeing offers “voluntary layoffs” to workers amid coronavirus crisis

Boeing CEO Dave Calhoun told the aerospace company’s employees that it is starting a “voluntary layoff plan” that will allow eligible workers to leave the company with a pay and benefits package. The program is designed to shrink the company’s workforce at a time when air travel is plummeting because of the coronavirus pandemic.

In a memo, Calhoun said the program “aims to reduce the need for other workforce actions.” He didn’t disclose in the memo how many buyouts the company is targeting within its workforce of 160,000.