Starting mid-April, production will be cut to 42 airplanes per month from 52, the company said on Friday, but Boeing said that it does not plan any layoffs due to the reduction in output.
Source: www.dailymail.co.uk
Boeing Co (NYSE: BA) is planning to cut its monthly 737 MAX production by 20% following two deadly crashes. Production will drop to 42 airplanes per month from 52, starting mid-April. It has been mentioned that this reduction in output will not lead to any employee layoffs. In order to prevent accidents in future, the Company is making progress on a 737 MAX software update.
