World's Largest Aerospace Company To Offer Second Layoff Plan - Report!  

As the world is facing the huge economic crisis, top Aerospace company Boeing will be offering a second voluntary layoff package to employees to depart the company. 

The layoffs will be offered to workers in commercial airplanes unit, services division and corporate operation, Chief Executive Officer Dave Calhoun said in a message to employees.    

“While we have seen signs of recovery from the pandemic, our industry and our customers continue to face significant challenges. We have taken proactive steps to adjust to the market realities and position our company for the recovery. As we continue to assess our workforce and in response to employee feedback, we will be offering a second voluntary layoff (VLO) opportunity for employees to depart the company voluntarily with a pay and benefits package," the company said in a statement.

As per CNBC news report, the offers will be extended to employees in the commercial airplanes division, services division and corporate offices. Meanwhile, this plan is a re-opening of the previous buyout to bring down overall employment. 

In a letter to Boeing employees, CEO Dave Calhoun said: “This action will extend our overall workforce reductions beyond the initial 10 percent target and will allow more employees who want to depart the company to do so voluntarily with a pay and benefits package. Importantly, it also will help limit additional involuntary workforce actions.”