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.
403 Articles
403 Articles
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…
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…
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