Boeing on edge as a shrunken commercial jet industry limps into 2021
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December 31. 2020 - by Dominic Gates for www.seattletimes.com
Boeing faces 2021 in bad shape, its reputation tarnished and its commercial jet business shrunken — yet with a glimmer of hope for a turnaround after its bleakest year in many decades.
At this pivot point, the commercial airplane workforce in the Pacific Northwest is on edge. Ray Goforth, executive director of the engineering union, says employees feel "a sense of frustration and precariousness."
Laid low first by the 737 MAX crashes and then by the dramatic pandemic downturn, the U.S. commercial jet champion has this year been piling up debt and bleeding cash.
It had to sharply reduce production and slashed about 13,000 jobs in the state....
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