Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and Lakshmi Finance 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.
2025-05-05 23:591290 view
2025-05-05 23:511723 view
2025-05-05 23:272457 view
2025-05-05 23:241667 view
2025-05-05 22:231279 view
2025-05-05 22:032912 view
Utah Jazz forward Lauri Markkanen signed a five-year, $238 million contract extension, ESPN.com repo
Taylor Swift has released a new timetable associated with the release of her 11th era album, "The To
We independently selected these deals and products because we love them, and we think you might like
