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

17,000 jobs will be cut at Boeing as months-long strike continues

Boeing will cut 17,000 jobs — 10% of its global workforce — delay first deliveries of its 777X jet by a year and record $5 billion in losses in the third quarter, as the U.S. planemaker continues to spiral during a month-long strike. CEO Kelly Ortberg said in a message to employees that the significant downsizing is necessary “to align with our financial reality” after an ongoing strike by 33,000 U.S. West Coast workers halted production of its …

Boeing to cut 10% jobs, postpone delivery of 777X jet

Boeing plans to cut 10% of its workforce and postpone the first deliveries of its 777X jet as strike action by 33,000 US West Coast workers continues.   The latest announcement comes after the US planemaker forecasted a $10 billion loss in 2024.  “Our business is in a difficult position, and it is hard to overstate the challenges we face together,” Boeing CEO, Kelly Ortberg said in a message to employees on October 11, 2024. “Restoring our compa…

17,000 workers axed in brutal move

Boeing has announced it will axe 17,000 workers after a litany of safety issues and a strike that cost the firm $US1 billion a month.

Boeing to cut about 17,000 jobs as strike drags on

Boeing will cut 10% of its workforce in coming weeks and had called a halt to its 767 freighter program. It announced the changes on Friday, as the company deals with a strike called last month by the International Association of Machinists and Aerospace Workers. About 33,000 union members walked off the job in mid-September, after […] The post Boeing to cut about 17,000 jobs as strike drags on appeared first on Must Read Alaska.

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

ThePatriotLight - Boeing will cut 17,000 jobs — 10% of its global workforce — delay first deliveries of its 777X jet by a year and record $5 billion in losses in the third quarter, as the U.S. planemaker continues to spiral during a monthlong strike.CEO Kelly Ortberg said in a message to employees that the significant downsizing is necessary "to align with our financial reality" after an ongoing strike by 33,000 U.S. West Coast workers halted pr…

Boeing to cut 17,000 jobs, delay 777X as strike continues to hammer the troubled plane maker - Asian Aviation

Boeing will cut 17,000 jobs, or 10 percent of its global workforce, delay first delivery of its 777X jet by a year and announced substantial new losses in its defence business as a month-long strike by union workers in the northwest US cuts into the company’s finances. Boeing said it expects to report third quarter revenue of $17.8 billion, GAAP loss per share of $9.97, and operating cash flow of ($1.3) billion. Cash and investments in marketabl…