New York (CNN Business) Boeing is planning another round of job cuts on top of the 16,000 positions it previously announced it would eliminate. said in April it planned to cut 10% of its global staff of 160,000 employees in response. Boeingsaid in April it planned to cut 10% of its global staff of 160,000 employees in response. Last month, Boeing said it would produce planes at a slower rate than previously expected for years to come. It has announced it will stop building the 747 when current orders for a freighter version of the plane run out in 2022.

Source: CNN August 18, 2020 15:56 UTC