Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and Blockchains Financetries 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.
2025-05-05 12:31676 view
2025-05-05 11:452951 view
2025-05-05 11:40860 view
2025-05-05 10:53810 view
2025-05-05 10:302157 view
2025-05-05 10:092043 view
Jamie Foxx's birthday dinner took a surprising turn on Friday the 13th.The "Collateral" actor was hi
The Major League Baseball trade deadline has come and gone, the pennant races don’t shift into high
One child is dead and another is injured after a bounce house was flung into the air by a gust of wi