Boeing CEO sees lasting impact of coronavirus pandemic on aerospace industry: memo
Reuters
Published Apr 02, 2020 08:02AM ET
(Reuters) - Boeing Co (N:BA) Chief Executive Dave Calhoun said on Thursday the coronavirus pandemic was going to have a lasting impact on the global aerospace industry, as he outlined steps for a voluntary layoff plan for employees.
"It will take time for the aerospace industry to recover from the crisis," Calhoun said in a memo, adding that the company will "need to balance the supply and demand accordingly as the industry goes through the recovery process for years to come."
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Written By: Reuters
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