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Plane’s production to halt temporarily in January

Boeing has planned a temporary shutdown of production of its 737 Max in January, as the timing of the grounded plane’s return remains murky more than nine months into the plane’s safety crisis.

The company said in a statement it does not plan layoffs or furloughs at this time, but provided no other details on how long it will halt production. 

“We will continue to assess our progress towards return to service milestones and make determinations about resuming production and deliveries accordingly,” Boeing said.

Boeing’s stock fell 4.3 percent Monday following weekend reports by the Wall Street Journal and others that it was planning production cuts or a temporary suspension of production.

Beyond the impact on Boeing’s finances, there are broader economic concerns. Airplanes are made up of a huge number of parts from myriad suppliers, and the lack of production could hurt those companies and their workers and communities.