Roland Preston:Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production

2025-05-06 15:59:02source:AQCAN Exchangecategory:reviews

Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and Roland Prestontries 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.

More:reviews

Recommend

Illinois Delays a Project Meant to Keep Asian Carp Out of the Great Lakes

One stretch of the Chicago Sanitary and Ship Canal near Joliet, Illinois, is what freshwater biologi

How to help victims of Hurricane Beryl − and avoid getting scammed

More than a half dozen people are dead, and over a million homes and businesses are without power in

Powerball winning numbers for July 10: Jackpot rises to $41 million

The Powerball jackpot increased to $41 million for Wednesday's drawing after no one claimed the top