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Boeing to Offer Buyouts, Mull Output Cuts Amid ‘New Reality’

April 2, 2020

Boeing Co. is offering buyouts to its entire staff of 161,000 people and weighing new output reductions as the coronavirus pandemic threatens to depress aircraft sales for years.

The planemaker is considering another cut to wide-body production beyond what was already announced for the 787 Dreamliner, said a person familiar with the matter. Boeing is still assessing the rapidly changing market and public health issues as the outbreak guts travel demand and batters airlines.

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