Boeing’s Workforce Reduction: 17,000 Jobs to be Cut Amid Factory Strike and Deepening Losses

Witness the⁢ Boeing 737 MAX aircraft at the Renton, Washington factory on September 12, 2024, showcasing innovation and technology.

A significant decision has been made by Boeing ⁣to reduce its workforce⁤ by 10%, impacting around 17,000 employees due to financial losses and an ongoing machinist strike. This move comes as ‌a response to the‍ challenges faced by the company in recent times.

Furthermore, the⁤ launch ⁢of their highly anticipated wide-body ‍airplane⁣ has been delayed ⁤once again. The delivery of the 777X wide-body⁢ plane is now scheduled for 2026, causing a delay ‍of six years from its original timeline. Customers like Lufthansa and Emirates will have to wait longer for this advanced aircraft.

In addition to these⁤ changes, Boeing plans to discontinue commercial production of 767 freighters in 2027 after fulfilling existing orders. CEO Kelly Ortberg addressed these developments in a memo sent out to ‌employees on Friday ‍afternoon.

The aviation giant acknowledges the tough road ahead but remains ⁤committed to overcoming these obstacles together with‍ its workforce and partners.

2024-10-12 09:29:38
Article from www.cnbc.com