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Boeing Expected to Announce Major Layoffs
Boeing is planning to lay off 20 to 30% of its commercial airline work force ¡ª roughly 31,000 people ¡ª as a result of the terrorists attacks, a congressional source said Tuesday. The aircraft maker will make an announcement Wednesday, said the source, who spoke on the condition of anonymity. The company would not be announcing specific locations for the layoffs, but was telling lawmakers they are expected to be implemented by early 2002. A Boeing spokesman would not comment Tuesday night.
Roughly 93,000 people work for Boeings' commercial airline sector, much of which is centered around the company's former headquarters in Seattle.
The White House and Congress are considering a federal aid package for the airline industry to help them recover from last week's attacks.
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