Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and AstraTradetries 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.
2025-05-07 10:531276 view
2025-05-07 09:431901 view
2025-05-07 09:221741 view
2025-05-07 09:112560 view
2025-05-07 09:06444 view
2025-05-07 09:031576 view
President-elect Donald Trump claimed in his Person of the Year interview with Time magazinethis week
Below-freezing temperatures can be just as dangerous for pets as they are for their human companions
Anthony Anderson, the actor and comedian who won acclaim for his performance in the sitcom "Black-is