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Boeing to cut 17,000 jobs and delay first 777X delivery as strike hits finances

  • Boeing plans to lay off about 17,000 workers, nearly 10% of its staff, due to financial losses and ongoing strikes affecting production.
  • CEO Kelly Ortberg announced the layoffs would involve executives, managers, and employees, suspending previous furloughs.
  • Approximately 33,000 union machinists have been on strike since Sept. 14, with failed negotiations leading Boeing to file an unfair-labor-practices charge.
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Forbes broke the news in United States on Friday, October 11, 2024.
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