Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes.
New CEO Kelly Ortberg told staff in a memo Friday that the job cuts will include executives, managers and employees.
The company had already imposed rolling temporary furloughs, but Ortberg said those will be suspended because of the impending layoffs.
The company will delay the rollout of a new plane, the 777X, to 2026 instead of 2025. It will also stop building the cargo version of its 767 jet in 2027 after finishing current orders.
Boeing has lost more than $25 billion since the start of 2019. Union machinists have been on strike since Sept. 14. Two days of talks this week failed to produce a deal.
2024-12-25 21:231036 view
2024-12-25 20:022307 view
2024-12-25 19:352069 view
2024-12-25 19:28255 view
2024-12-25 19:251991 view
2024-12-25 19:031008 view
It's Christmastime, Charlie Brown! And with Christmastime comes Christmas movies like the aptly name
Krispy Kreme is responding to Friday's global technology outage by offering customers a sweet treat
TROON, Scotland (AP) — Shane Lowry was a surprising model of calm amid all the calamity in the Briti