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Boeing Q3 revenues $14.1bn, will cut large number of jobs

Christian Fernsby ▼ | October 28, 2020
For the three months to September, Boeing posted revenues of $14.1bn.
Boeing North Charleston
Boeing   Boeing North Charleston
Boeing laid out plans to streamline the manufacturer in the face of the brutal headwinds from the coronavirus pandemic that as buffeting the entire sector.

Topics: Boeing

The aircraft maker said it would reduce its headcount by approximately 20% by the end of 2021.

"The global pandemic continued to add pressure to our business this quarter, and we're aligning to this new reality by closely managing our liquidity and transforming our enterprise to be sharper, more resilient and more sustainable for the long term," the company's chief executive officer, Dave Calhoun, said in a statement.