Boeing set to cut Dreamliner output, jobs on plunging demand

Boeing is poised to cut 787 Dreamliner output by about half and announce workforce reductions when it reports Q1 earnings next week, said people familiar with the plans. Details of the production changes for Boeing’s commercial line-up are still being finalised and will determine the number of jobs to be eliminated through layoffs and buyouts, said the people. The planemaker plans to lower the Dreamliner’s monthly output, which began the year at 14 jets, to a single-digit rate. CE Dave Calhoun hinted that painful measures would be needed when he warned employees last month of a “new reality” with a far smaller jetliner market when the world emerges from the coronavirus pandemic. Global airline sales are projected to plunge by US$314b this year and travel may not recover fully until mid-decade. <br/>