Boeing to stop manufacturing of 737 Max

Hanno Labuschagne

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Boeing to stop manufacturing of 737 Max

Boeing Co. plans to halt production of its grounded 737 Max in January, a move that will deepen the crisis engulfing the planemaker, complicate its eventual recovery and ripple through the U.S. economy.

The indefinite shutdown will help conserve cash but jolt a supplier base that stretches from Seattle to Kansas, adding a headwind for American industry ahead of the 2020 elections.

At Boeing itself, employees will continue 737-related work or be temporarily reassigned to other teams, the company said in a statement Monday. No layoffs or furloughs are planned for now.
 
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