Boeing Announces Voluntary Layoffs in Puget Sound
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April 28, 2020 - by Bryan Corliss for leehamnews.com
Boeing on Monday formally announced it would offer voluntary layoffs – essentially contract buyouts – to members of its Puget Sound workforce.
For most workers, the offer would give them one week's pay for each year of service, up to a maximum of 26 weeks. Boeing would also continue paying health insurance benefits for most of the laid-off workers for three months. (The exception to this: Machinists Union members will get six months of extended health benefits under the terms of an agreement negotiated in 2016.)
Acceptance by May 4
Workers have until May 4 — one week — to...
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