Boeing offers buyouts to cut workforce for “different-sized” market after coronavirus pandemic

With the airline business staggered by the coronavirus pandemic, Boeing Commercial Airplanes boss Stan Deal told employees Thursday the company must reduce its workforce “to ensure our business is more closely aligned to the realities of a different-sized commercial market once the recovery starts.”

Deal’s message makes clear he’s trying to stave off involuntary layoffs and also strongly suggests that cuts in aircraft production rates are likely.