The Second Round of Voluntary Layoffs Offered by Boeing Ensues

As an attempt to conserve the number of people furloughed, Boeing is now offering a second round of voluntary layoffs. This incentivized layoff offers a package to employees that opt to leave the company. Employees are said to receive payments as well as benefits. 

Job cuts became necessary after Boeing discontinued the production of its best-selling jet in April of 2020. The 787 Dreamliner and 777 were both big cuts from the roster of Boeing’s jets. 

The company released a statement explaining that “while we have seen signs of recovery from the pandemic, our industry and our customers continue to face significant challenges. We have taken proactive steps to adjust to the market realities and position our company for the recovery. As we continue to assess our workforce and in response to employee feedback, we will be offering a second voluntary layoff (VLO) opportunity for employees to depart the company voluntarily with a pay and benefits package.”

Back in May, Boeing furloughed 6,770 employees throughout the U.S. This decision came as a response to the mandated travel ban in order to stop the spread of COVID-19. 

In reference to the second round of layoffs, CEO of Boeing Dave Calhoun told employees that it “will extend our overall workforce reductions beyond the initial 10% target and will allow more employees who want to depart the company to do so voluntarily with a pay and benefits package. Importantly, it also will help limit additional involuntary workforce actions.”