FILE PHOTO: A worker leaves the Boeing Everett Factory, amid the coronavirus disease (COVID-19) outbreak, in Everett, Washington, U.S. March 23, 2020. REUTERS/David Ryder

SEATTLE (Reuters) – Boeing Co (BA.N) was set to offer employee buyout and early retirement packages, two people familiar with the matter said on Wednesday, a bid to mitigate the financial fallout from the coronavirus pandemic.

Boeing Chief Executive Dave Calhoun was expected to detail a voluntary layoff plan in a memo to employees as early as Thursday, one of the people said.

Reporting by Eric M. Johnson in Seattle and Shubham Kalia in Bangalore; Editing by Shri Navaratnam

Our Standards:The Thomson Reuters Trust Principles.
source: reuters.com

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