During a Thursday earnings report, Raytheon President and CEO Greg Hayes cited"all the uncertainty in the recovery of commercial air traffic" before announcing the job cuts from its commercial aerospace and corporate divisions."We see a gradual return to flight across all commercial markets," said Hayes."But probably not a full return to 2019 levels until sometime around 2023."The pandemic's impact on the air travel industry has been catastrophic.
Major US airlines including American, United and Delta have said they expect thousands of workers to be laid off or furloughed on October 1. Plane maker Boeing has also announced more than 16,000 cuts. Under terms of the CARES Act, which provided up to $50 billion of help to the US airline industry, airlines could not lay off or involuntarily furlough staff until October 1.
just deport 15k illegals and free positions for 15k new jobs
Libs: we need to close the economy to save ourselves! Also libs: hey all these layoffs due to closures are Trumps fault!
Did anyone happen to notice that the democrats left Congress to go on break before passing another round of stimulus that would have saved these jobs? Anyone? Bueller?
More bullshit:
Biden's economic policy shut down 60K manufacturing plants. Biden's NAFTA support killed 850K jobs. Biden's China policy sent 3.2 million American jobs to China. Vote TRUMP!
winning Way togo bunkerboy
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Thank you China ChinaVirus and our friends DNC who LOVE CHINA!
Hey TRUMPERS. Tired of winning yet?
Democrats ruin everything
The “Transporting People” division took a cut to help support the crucial “Killing Civilians” department.
Well done Kung flu, you have a lot to answer for