ALERT Boeing is considering to cut 10% of its workforce

Boeing is considering a plan to cut its workforce by about 10%, which could involve buyouts, early retirements and involuntary layoffs, the Wall Street Journal reported on Thursday. The potential job cuts are expected to largely target Boeing’s commercial arm, which has been under strain due to the crisis in the global airline industry, the…

IATA: this is the largest crisis to ever hit aviation

Worldwide flights were a massive 70% lower at the start of Q2 and further declines are likely. The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis. Globally, the livelihoods of some 65.5 million people…