Boeing cuts 12,000 jobs, resumes production of grounded 737 Max; reveals plans for more layoffs

Washington: Boeing is cutting more than 12,000 US jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.

Shortly after disclosing the job cuts, Boeing announced Wednesday that it has resumed production of the grounded 737 Max jetliner. Two deadly crashes of Max jets pushed Boeing into a financial crisis months before the coronavirus squeezed global air travel to a trickle.

Boeing, one of the nation's biggest manufacturers, said it will lay off 6,770 US employees this week, and another 5,520 workers are taking buyout offers to leave voluntarily in the coming weeks.