Boeing resumes production of beleaguered 737 Max

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Boeing has resumed production of its beleaguered 737 Max planes, the company said Wednesday. 

Boeing halted production of the jetliners in January as a worldwide grounding of the planes dragged on longer than expected. Airlines have been prohibited from flying the jets since March 2019 after the second of two fatal crashes that together killed 346 people.

While expected, the restart of 737 Max production is a milestone for Boeing. The company halted deliveries of the planes shortly after the second crash and has been logging a surge in cancellations from customers this year as the coronavirus pandemic adds to

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Boeing, Workday, Toll Brothers and more

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Construction workers build a Toll Brothers home in Boca Raton, Florida.

Joe Raedle | Getty Images

Check out the companies making headlines after the bell.

Virgin Galactic Holdings — The aerospace company’s stock fell 3% in extended trading after fellow space travel company SpaceX had to delay its historic astronaut launch with NASA because of bad weather. It was the first time since 2011 that NASA astronauts were set to travel to space from the U.S. Both Virgin Galactic and SpaceX are looking to expand space travel to include tourists. 

HP — The technology company’s stock fell 4% in extended

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Boeing is laying off more than 6,000 employees this week as coronavirus hurts demand

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Boeing is planning to lay off more than 6,000 employees this week in an effort to slash costs as the coronavirus pandemic continues to devastate the air travel and aerospace industries.

The aircraft manufacturer previously said it is seeking to reduce its headcount by 10% through voluntary and involuntary separations from the company. Boeing had more than 160,000 employees, according to its 2019 annual report. 

“Following the reduction-in-force announcement we made last month, we have concluded our voluntary layoff (VLO) program,” CEO Dave Calhoun said in a note to employees. “And now we have come to the unfortunate moment of

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Boeing cutting more than 12,000 U.S. jobs with thousands more planned

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FILE PHOTO: A Boeing logo is seen at the company’s facility in Everett, Washington, U.S. January 21, 2020. REUTERS/Lindsey Wasson

WASHINGTON (Reuters) – Boeing Co (BA.N) said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American planemaker restructures in the face of the coronavirus pandemic.

Boeing also disclosed it plans “several thousand remaining layoffs” in the next few months but did not say where those would take place.

The company announced in April it would cut 10% of its worldwide workforce of 160,000 by the end of 2020.

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