Boeing calls for voluntary layoffs

By Jay Heflin

Published April 2, 2020 3:01pm ET

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Boeing calls for voluntary layoffs — Boeing Co. says a ruling by the World Trade Organization in a long-running dispute over government subsidies for planemakers will allow the U.S. to seek tariffs on European imports. | Boeing/Associated Press

Boeing President and CEO Dave Calhoun on Thursday called for workers to volunteer for layoffs as the coronavirus has slowed demand for the company’s products.

“We are initiating a voluntary layoff (VLO) plan that allows eligible employees who want to exit the company to do so with a pay and benefits package. This move aims to reduce the need for other workforce actions,” he wrote in a letter to employees.

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