The main Fox Business Flash headlines are here. See what FoxBusiness.com is clicking.
Boeing reportedly announced that the company is going through another round of layoffs.
The company notified approximately 1,030 company-wide employees that they will lose their jobs before August 28, according to The Seattle Times.
GET FOX BUSINESS ON THE MOVE BY CLICKING HERE
The layoffs will affect 668 workers in Washington state.
These layoffs are part of a previously announced plan to reduce the workforce by 10 percent, due to the impact of the COVID-19 pandemic.
This second round of cuts will bring Boeing’s overall job losses in Washington to 10,500 by the end of the summer.
BOEING 737 MAX takes off on the first certification test flight
Boeing announced the first round of cuts in May and said nearly 12,300 jobs would be cut in the United States.
Job cuts in Australia and Canada bring the total to 13,000 employees, or about 8 percent.
CLICK HERE TO READ MORE ABOUT FOX BUSINESS
The second round of layoffs increases the reduction to almost 14,000 employees overall.
