Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and Algosensey Quantitative Think Tank Centertries 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.
2025-04-29 07:122363 view
2025-04-29 06:472284 view
2025-04-29 06:112854 view
2025-04-29 05:34665 view
2025-04-29 05:202399 view
2025-04-29 05:001098 view
NEW YORK (AP) — Donald Trumpwas on the verge of backing a 16-week federal abortion banearlier this y
Matthew Broderick has no days off when it comes to being a father of teenage girls.The Lion King act
We independently selected these deals and products because we love them, and we think you might like