Boeing to halt hiring, may sack staff on Coronavirus, jet grounding impact


Boeing Co is freezing new hiring and overtime except in certain critical areas in efforts to preserve cash due to the coronavirus outbreaks and the 737 MAX grounding, people familiar the matter said on Wednesday. Layoffs or furloughs were also a "real possibility" but were seen as a separate, later action, one of the people said.

A second industry source said job cuts were likely as the aviation industry is squeezed by plummeting travel demand and a safety ban on the 737 MAX after two fatal crashes hit the one-year mark. A.

This article is no longer available in our repository.

There could be multiple reasons for this.