• About Us
  • AKIP
  • Live TV
  • Our Programs
  • Latest News
    • Church News
    • Politics
    • Foreign News
    • Security
  • Airtime
  • From GM’s Desk
  • Church of Nigeria
  • Contact
Facebook Twitter Instagram
  • AKIP
  • From GM’s Desk
  • Live TV
Facebook Twitter Instagram
Advent Cable Network Nigeria Advent Cable Network Nigeria
  • Home
  • About Us
  • AKIP
  • Latest News
    • Church News
    • Politics
    • Security
    • Foreign News
    • Sport
  • Live TV
  • Our Programs
  • Airtime
  • Church of Nigeria
  • Contact
Donate
Advent Cable Network Nigeria Advent Cable Network Nigeria
Home»Business»Boeing to Reduce Staff by 15%
Business

Boeing to Reduce Staff by 15%

ACNN TVBy ACNN TVMay 1, 2020No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp
Share
Facebook Twitter LinkedIn Pinterest Email WhatsApp

Boeing has announced that it is slashing its commercial aircraft workforce by more than 15 per cent and cutting production rates in response to the coronavirus pandemic and ensuing cash crunch. According to Flight Global, the airframer announced the cuts as it reported losses of $641 million in the first quarter of 2020.

“These new reductions in our production rates and the continued impact of Covid-19 on our business will force us to reduce the size of our workforce. I’m sorry that I have to deliver this news,” Boeing chief executive, David Calhoun, said in a letter to staff.

Chicago-headquartered Boeing would cut total employment by about 10 per cent through layoffs, voluntary departures and normal staff turnover, the letter says. Boeing has some 160,000 staff; meaning about 16,000 jobs will be cut.

“We’ll have to make even deeper reductions in areas that are most exposed to the condition of our commercial customers – more than 15 per cent across our commercial aeroplanes and services businesses, as well as our corporate functions,” said Calhoun.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp

Related Posts

Olubadan Supports CBN Over Redesigned Naira Notes, Accepts Jan. 31 Deadline

January 23, 2023

Emefiele, Govs to Meet Over Withdrawal Policy, Naira Redesign

January 18, 2023

CBN Domestic Card Scheme Takes Off

January 16, 2023
Add A Comment

Leave A Reply Cancel Reply

Recent Posts

INEC Further Extends PVC Collection Nationawide By One Week

January 28, 2023

Mega Churches, Schools Bar Old Naira Note Payment, Offering

January 27, 2023

Clergymen Protest Sealing Of Church By Abia Govt

January 27, 2023

Osun Guber: Adeleke Vows To Appeal Tribunal Jugdement

January 27, 2023

Elections: Follow Prayer With Action, Kumuyi Tells Christians

January 26, 2023
Advent Cable Network Nigeria

ACNNTV is the Televangelism arm of the Church of Nigeria (Anglican Communion) with focus to keep the orthodox faith alive through development of inspiring and life changing broadcast products.

Facebook Twitter Instagram
Quick Links
  • About Us
  • AKIP
  • Board of Management
  • Contact
  • Privacy Policy
Quick Links
  • Our Programs
  • Program Rates
  • From GM’s Desk
  • Live TV

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2023 Anglican Cable Network Nigeria,Abuja. Designed by Dominion Web.

Type above and press Enter to search. Press Esc to cancel.