Boeing is launching a compensation program in view of the economic impact of the COVID-19 pandemic. This was announced by Boeing CEO David Calhoun on Thursday, April 2, in a statement to the workforce.
Employees should be encouraged to leave the company voluntarily by means of the severance package. This was to avoid the need of other measures to reduce the number of employees. Further details would be announced in three to four weeks.
“One thing is already clear, it will take time for the aerospace industry to recover from the crisis. When the world emerges from the pandemic, the size of the commercial market and the types of products and services our customers want and need will likely be different. We will need to balance the supply and demand accordingly as the industry goes through the recovery process for years to come, it’s important we start adjusting to our new reality now,” Calhoun said in his letter.
