Boeing plans to cut 787 Dreamliner output, jobs: Bloomberg News By Reuters

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Boeing plans to cut 787 Dreamliner output, jobs: Bloomberg News

Stock Markets Apr 23, 2020 08:25PM ET

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Boeing plans to cut 787 Dreamliner output, jobs: Bloomberg News

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(Reuters) - Boeing Co (N:BA) is planning to cut 787 Dreamliner output by about half and announce job cuts in its first-quarter earnings report, Bloomberg news reported https://www.bloomberg.com/news/articles/2020-04-23/boeing-poised-to-cut-dreamliner-output-jobs-on-plunging-demand on Thursday.

Details of the production changes for Boeing's commercial lineup are still being finalized and will determine the number of jobs to be removed through layoffs and buyouts, the report added.

Boeing did not immediately respond to a Reuters request for comment.

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Comments (1)

Chris Sundo Apr 23, 2020 8:36PM ET

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Boeing needs to shrink itself towards new health. That could mean shrink it's stockprice too. - Disclaimer: open orders at 45.45 along the rising monthly bottoms trendline.

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Hugo Figueroa Apr 23, 2020 8:36PM ET

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you missed the bottom bud

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Boeing plans to cut 787 Dreamliner output, jobs: Bloomberg News

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