Boeing offers voluntary layoff plan amidst virus shutdown

SEATTLE (AP) — Boeing is offering a voluntary layoff plan to prepare for an aircraft industry that the CEO says will take time to recover from the coronavirus pandemic. CEO David Calhoun didn’t rule out involuntary job cuts later. Boeing’s airline customers are seeing a massive decline in revenue because of travel restrictions to contain the spread of the virus, and many have made their own early-out offers to employees. Boeing was weakened before the virus hit as it grappled with the grounding of its 737 Max airliner after two deadly crashes.