An aircraft flies over the Boeing Co. production facility. in North Charleston, South Carolina, US, on Monday, May 4, 2020.
Sam Wolfe | Bloomberg | Getty Images
Boeing will offer a second voluntary redundancy package to employees to leave the company, with pay and benefits, the planner said on Monday.
“While we have signs of recovery from the pandemic, our industry and our customers have faced significant challenges,” the company said in a statement. “We have taken proactive steps to adapt to the reality of the markets and position our company for recovery. While we continue to assess our workforce and in response to employee feedback, we will issue a second voluntary dismissal. (VLO) provides an opportunity for employees to leave the company voluntarily with a package for pay and benefits. “
The offerings will be extended to employees in the Commercial Aircraft Division, Services Department and Company Offices.
This is a reopening of the previous buyout offer that the company extended earlier this year to reduce total employment. The company does not give a number of how many more offers they offer that they plan to expand.
Travel demand has been cratered due to the coronavirus pandemic as measures such as orders to stay at home and international travel associations are trying to stop the spread of Covid-19.
In a letter to Boeing employees Monday, CEO Dave Calhoun said: “This action will extend our overall workforce reduction above the initial target of 10% and will make more employees who want to leave the company do so voluntarily with a salary and benefits. “Importantly, it will also help curb additional involuntary labor activists.”
–CNBC’s Phil LeBeau contributed to this story
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