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
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Boeing, a Big Disappointment, Says Trump
President Donald Trump on Wednesday criticized Boeing as a “very disappointing company” because of the aerospace giant’s recent problems, which he said had a knock-on effect for the US economy. “This is one of the great companies of the world, let’s say as of a year ago, and then all of a sudden things happen,”
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