Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and AstraX Exchangetries 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.
2025-05-08 04:361802 view
2025-05-08 03:52199 view
2025-05-08 03:09297 view
2025-05-08 02:48957 view
2025-05-08 02:282575 view
2025-05-08 02:191347 view
AI-assisted summarySeveral countries are offering financial incentives to attract residents, particu
We independently selected these products because we love them, and we think you might like them at t
R.F. Kuang's novel offers a literary exploration of cultural appropriation taken to a new degree.