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Boeing Considering 10% Payroll Cut After Coronavirus Pandemic Shuts Down Plane Manufacturing
Boeing is considering a range of options to reduce its payroll by approximately 10%, sources familiar with the plan confirmed to CNBC. No decision has been reached yet but the final reduction would likely include voluntary layoffs, early retirements, natural attrition and potentially mandatory layoffs. Boeing has approximately 160,000 employees worldwide, but the payroll cuts are likely to focus on the…
