{"id":348877,"date":"2020-04-30T11:27:31","date_gmt":"2020-04-30T05:57:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348877"},"modified":"2020-04-30T12:19:04","modified_gmt":"2020-04-30T06:49:04","slug":"boeing-to-cut-staff-plane-output-after-big-q1-loss","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/boeing-to-cut-staff-plane-output-after-big-q1-loss\/","title":{"rendered":"Boeing to cut staff, plane output after big Q1 loss"},"content":{"rendered":"<p>New York: Boeing announced sweeping cost-cutting measures Wednesday after reporting a first-quarter loss of $641 million following the hit to the airline business from the coronavirus pandemic.<\/p>\n<p>The aerospace giant plans to reduce its workforce by 10 percent through a combination of voluntary and involuntary layoffs and will slash production of its main commercial planes, including the 787 and 777, Chief Executive David Calhoun said in a message to employees that accompanied an earnings release.<\/p>\n<p>&#8220;The aviation industry will take years to return to the levels of traffic we saw just a few months ago,&#8221; Calhoun said. &#8220;We have to prepare for that.&#8221;<\/p>\n<p>Calhoun said the job cuts would be deeper &#8212; more than 15 percent &#8212; in commercial airplanes and services, as compared with defense and space systems, where the business has been more stable.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York: Boeing announced sweeping cost-cutting measures Wednesday after reporting a first-quarter loss of $641 million following the hit to the airline business from the coronavirus pandemic. The aerospace giant plans to reduce its workforce by 10 percent through a combination of voluntary and involuntary layoffs and will slash production of its main commercial planes, including the 787 and 777, Chief Executive David Calhoun said in a message to employees that accompanied an earnings release. &#8220;The aviation industry will take years to return to the levels of traffic we saw just a few months ago,&#8221; Calhoun said. &#8220;We have to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-348877","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=348877"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348877\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}