Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production

2024-12-25 21:00:38 source:lotradecoin pricing category:reviews

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.

More:reviews

Recommend

Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal

Albertsons is giving up on its merger with Kroger a day after it was rejected in two courts and it i

A planned float in NYC’s India Day Parade is anti-Muslim and should be removed, opponents say

NEW YORK (AP) — A float in Sunday’s upcoming India Day Parade in New York City that celebrates a Hin

Former NASCAR champion Kurt Busch arrested for DWI, reckless driving in North Carolina

Former NASCAR Cup Series champion Kurt Busch was arrested for DWI, reckless driving and speeding in